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  3. 3) in march 2016, milk ltd purchased 5 million 3 l

3) In March 2016, Milk Ltd purchased 5 million 3 listed bond and classified it...

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Accounting

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3) In March 2016, Milk Ltd purchased 5 million 3 listed bond and classified it as an investment financial instrument within "held to collect and sell business model. The current market value of bonds is 8.65 million, while they were bought for 14.3 million. How should the financial instruments of Milk Ltd be accounted for in the statement of financial position of Milk Ltd at 31 December 2018

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