CIMA F2 Question Answer
On 1 September 20X3, GH purchased 200,000 $1 equity shares in QR for $1.20 each and classified this investment as held for trading.
GH paid a 1% transaction fee to its broker on this transaction. QR's equity shares had a fair value of $1.35 each on 31 December 20X3.
Which of the following journals records the subsequent measurement of this financial instrument at 31 December 20X3?
CIMA F2 Summary
- Vendor: CIMA
- Product: F2
- Update on: Jul 29, 2025
- Questions: 268
