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Good day to everyone, first time I am using this forum. Professsor Mike I would really like for you to explain this for me. I am referring to past papers Dec 08, Jun 09 and Dec 10 – Investment. In all all these papers there is something to do with an increase in value of Investments or a loss or gain on Investment, and it is handled different in all the papers with reeference to Retained earnings, which totally confuses me. Please explain to me
If the question says that the investment is “at fair value through profit or loss” then the movement in value is debited or credited in Statement of Income
If it is stated as “at fair value through comprehensive income” then the movement goes through Statement of Comprehensive Income”
Does that clear it up?
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