Dear Sir / Madam,
Robby has treated the Investment in Hail at Fair Value through other Comprehensive Income ( OCI).
Treatment - What ACCA Solved example has done
1) They have calculated Goodwill of 5 Million
2) Debited Investment Other Comprehensive Income - 5 Million
Credited Investment in Hail - 5 Million
My doubt is
1) Investment on acquisition are governed by IFRS 3 Revised and not by IFRS 9, that is understandable
2) But why they have credited Investment by 5 Million as when we make investment we debit Investment NOT credit it.
Kindly help.
Deep
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