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June 24, 2020 at 9:05 am
Impairment loss of 300k$ should to PnL, not to Revaluation reserve – OCI, right?
December 30, 2019 at 3:33 am
Sir in OCI we should include the amount of 1500 right and then 1200 goes to OCE. Iam confused please clear my doubt. Thank you.
October 4, 2019 at 11:57 am
I guess CV= 13,900 FVLCTS = 15,400 – 300 = 15,100
CV should not be FV?????
November 24, 2019 at 2:36 pm
That’s what I did too!
November 24, 2019 at 5:49 pm
If revaluation model is used then need to revalue carrying value to fair value before classifying as HFS. So correct that new carrying value is $15,400. However I thought sale costs always go to P&L not against the reserve. So OCE would be $1500 to be transferred to RE upon sale in following year and not $1200 as the $300 selling costs went to P&L
August 28, 2019 at 6:38 pm
Sir, thanks for lectures. I am really enjoying it!
Btw, April has 30 days, not 31 =))
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