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Suggested answers May 2019 - Accounts

Intermediate New May 2019

1(a) Question from SM 3.131
1(b) Where long-term investments are reclassified as current investments, transfers are made at the lower of cost and carrying amount at the date of transfer
Where long-term investments are reclassified from current to long term, transfers are made at the lower of cost and fair value at the date of transfer
1(c)

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