Ayayai Limited, a public company that follows IFRS and has a calendar year end, made...
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Ayayai Limited, a public company that follows IFRS and has a calendar year end, made the following purchases of investments in Ayayai intends to sell these investments to earn shortterm profits from appreciation in their prices and accounts for the investments using the FVNI model. This is the first year in which Ayayai invested in equity securities: On March purchased shares of Wu Inc. common shares at $ per share plus commission of $ On August purchased shares of Xi Inc. common shares at $ per share plus commission of $ On June Ayayai sold shares of Wu Inc. at $ less commission of $ The December market value of the Wu shares was $ and of the Xi shares was $
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