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14-03-2024
Business

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On 1 July 2022, Bancroft acquired £10m shares in Mile End Ltd. Bancroft intends to trade these shares in the secondary market. In light of IFRS 9, Bancroft should recognize these shares in the balance sheet at:
a. Fair value over comprehensive income
b. Fair value over profit or loss.
c. Amortised cost.
d. Net realizable value

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