Hi, I need a help from you in accounting shares as per IAS IFRS 39.
It goes like this, a Company buys shares of company X for $10000 in 2008. Dec 31, 2008, the shares are worth only $9000. The company continues to retain the shares. End of 2010 (Dec 31), the value of the shares is $12000. how do I account for this loss (of $1000) and gain (of $3000) in income statement? Thanks for your help. I read IAS 39 document, but didnot understand clearly.
It goes like this, a Company buys shares of company X for $10000 in 2008. Dec 31, 2008, the shares are worth only $9000. The company continues to retain the shares. End of 2010 (Dec 31), the value of the shares is $12000. how do I account for this loss (of $1000) and gain (of $3000) in income statement? Thanks for your help. I read IAS 39 document, but didnot understand clearly.