Royal Logistics Limited is a German company making up its balance sheet on 31 March....
80.2K
Verified Solution
Link Copied!
Question
Finance
Royal Logistics Limited is a German company making up its balance sheet on 31 March. It acquired 2,000 shares and 5,000 shares in United Alliance Plc at 15/share and 21/share on 10 April 2020 and 15 December 2020, respectively. The shares of United Alliance Plc were being traded on the Euronext Paris stock market closing at 17/share and 19/share on 31 December 2020 and 31 March 2021, respectively. The company has no intention of selling the shares soon.
REQUIRED:
(i) Calculate the fair value and unrealised gain/loss at the financial year-end. State whether you measured the asset at level 1, 2 or 3 and why.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.