Hello Sir,
in this task the answer presumes that Loss on FV of investment in equity accrues evenly and should be pro-rated. How can this happen in reality?
My idea was that this together with gain on revaluation arises at a point of time and should not be pro-rated (once FV is determined).
Thank you in advance!
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6y ago#1Hi,
Presumably it says that all profits/losses accrue evenly during the year within the question. What you say is correct but if we're told otherwise then we must follow the information given.
Thanks
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