Moston sept dec 15 — OpenTuition Forums

MMax6y ago

Sir here in this question in solution they have shown gain on financial asset equity investment of 800 seperately , but instead of showing it seperately, can we add it in investment income of 300? Hence showing investment income as 1100

Mm.a.w6y ago#1

Hi, For the same question, I am using Kaplan exam kit. Shouldn't be the loan in substance reported in the section "Cash flow from financing activities" for $3M?. Per the Kaplan answer is not included. Thanks, M

P2-D2Tutor6y ago#2

@maxpopper said: Sir here in this question in solution they have shown gain on financial asset equity investment of 800 seperately , but instead of showing it seperately, can we add it in investment income of 300? Hence showing investment income as 1100

Hi, i believe that this would be acceptable but given that it has been done this way in the model answer then I'd follow that in future similar scenarios. I presume that it is a material amount and so is being disclosed separately. Thanks

P2-D2Tutor6y ago#3

@m.a.w said: Hi, For the same question, I am using Kaplan exam kit. Shouldn't be the loan in substance reported in the section "Cash flow from financing activities" for $3M?. Per the Kaplan answer is not included. Thanks, M

Hi M, Is this the same question? The exam question did not require a statement of cash flows to be prepared. Thanks

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