题目内容

For investment entities, investments in subsidiaries are not consolidated, and instead are held at fair value through profit or loss.

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An entity is committed to a plan to sell a manufacturing facility and has initiated actions to locate a buyer. At the plan commitment date, there is a backlog of uncompleted customer orders. The entity intends to sell the manufacturing facility, but without its operations. The entity does not intend to transfer the facility to a buyer until after it ceases all operations of the facility and eliminates the backlog of uncompleted customer orders. The delay in the timing of the transfer of the facility imposed by the entity (seller) demonstrates that the facility is not available for immediate sale. It is appropriate for the entity to classify the manufacturing facility as “held for sale”.

Shiplake Co, operating in the US, only sell goods imported from, and remit the proceeds directly to its parent company (reporting entity’s) in China. When the exchange rate between China and the US changes, it will not affect the reporting entity’s net investment in that operation of Johnson.

A coffee company (Customer) enters into a contract with an airport operator (Supplier) to use a space in the airport to sell its goods for a three-year period. The contract states the amount of space and that the space may be located at any one of several boarding areas within the airport. Supplier has the right to change the location of the space allocated to Customer at any time during the period of use. There are minimal costs to Supplier associated with changing the space for the Customer: Customer uses a kiosk (that it owns) that can be moved easily to sell its goods. There are many areas in the airport that are available and that would meet the specifications for the space in the contract. Therefore, the contract does not contain a lease.

If the objective of an entity’s business model is to hold financial assets in order to collect contractual cash flows, the entity must hold all of those instruments until maturity.