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Help with IAS 39

 
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Help with IAS 39
survivant
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#1
02-23-2011, 03:16 PM
Dear Sirs,
I am having difficulty in understanding the treatment of a particular matter. This is as follows
If a company held shares in another company(B)and used to classify those shares as available for sale. However, company(B) has become bankrupt. Is it necessary for me to write off the entire loss of value in the shares immediately? If yes to reserves or Profit and loss for the year? In addition, company(B) is still under legal court proceedings. Can i write off the loss over a period of time as I chose or does the standard permit me not to. I cannot find whether or not I am permitted to. Could you tell me which part off the standard refers to this write off.
Your Help will be greatly appreciated on the matter.
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Help with IAS 39 - by survivant - 02-23-2011, 03:16 PM
[No subject] - by Sayub - 03-06-2011, 10:59 PM

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