User Account

All Pages

What is the amount of gain or loss should be recognised

Assignment Help Accounting Basics
Reference no: EM131939081

Question - Entity A's draft Statement of Financial Position as at 31 Mar 2018 shows financial assets at fair value through profit or loss with a carrying amount of $12,500,000 as at 1 Apr 2017.

These financial assets are held in a fund whose value changes directly in proportion to a specified market index. At 1 Apr 2017 the relevant index was 1,200 and at 31 Mar 2018 it was 1,296.

What is the amount of gain or loss should be recognised at 31 Mar 2018 in respect of these assets.

Reference no: EM131939081

Questions Cloud

Calculate cranes direct materials price variance for month : The company actually used 3,950 pounds of the plastic to produce 15,600 dive masks. Calculate Crane's direct materials price variance for the month
Find the budgeted required production for august : The ending finished goods inventory should equal 20% of the following month's sales. The budgeted required production for August is closest to
How many units is the company expecting to sell : Desired ending inventory of finished goods - January 30,000 & February 36,000. How many units is the company expecting to sell in the month of February
Compute the test statistic h : a. State the null and alternative hypotheses? b. What is the critical value of the test statistic for an a = 0.05 test?
What is the amount of gain or loss should be recognised : At 1 Apr 2017 the relevant index was 1,200 and at 31 Mar 2018 it was 1,296. What is the amount of gain or loss should be recognised at 31 Mar 2018
Review a list of the recommended team members : Imagine that you are a new manager responsible for the IT team in a start-up company that provides hosting services for online storefronts.
Kruskal -wallis procedure to analyze the data : Use the Kruskal -Wallis procedure to analyze the data. a. When would a nonparametric procedure be preferred for data such as these?
What is the amount of the financial asset on entity : What is the amount of the Financial Asset on Entity A's Statement of Financial Position as at the end of Year 2
Piece of equipment to turn out machined parts : A manufacturer builds a piece of equipment to turn out machined parts. To study the performance of her machines, she selects 8 machines

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd