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AFSFA impairment

This topic has 1 reply, 2 voices, and was last updated 13 years ago by MikeLittle.

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November 25, 2010 at 9:11 am #46225
delta77
Participant
- Topics: 2
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Hello,
Are those entries correct?
Purchase of 50,000 shares @ 3.50 = 175,000
At year-end: 50,000 @ 3.75=187,500
Dr. AFSFA – shares 12,500
Cr. OCI 12,500
After 1 year: 50,000 @ 3.4 = 170,000
Cr. AFSFA – shares 17,500
Dr. Equity 12,500
Dr. P/L 5,000
November 25, 2010 at 9:24 pm #71471
MikeLittle
Keymaster
- Topics: 27
- Replies: 23200
This bit looks like it should be Dr P/L 12,500, Dr Equity 5,000 and Cr Investment 17,500
and not, as you have posted
After 1 year: 50,000 @ 3.4 = 170,000
Cr. AFSFA – shares 17,500
Dr. Equity 12,500
Dr. P/L 5,000
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