sitika co. M/J 2021 seperate financial staments

Please refer to the examiner's answer where the logic is explained.................because the remaining interest must be measured at FV. Never seen that point examined - and I suspect it will be another 35 years before is is examined again. In SBR they seek to see how students react to a situation that they have never seen before- very few candidates would have thought of that - it's certainly not a pass or fail point.