Chapter 15 - Shares and Securities

Question 1

What are the three matching rules when looking at share disposals?

Answer 1

1) Same day acquisitions
2) Acquisitions in the 30 days following the sale
3) Shares in the share pool

Question 2

What is the treatment for quoted shares that are given away?

Answer 2

1) Considered sold at market value
2) Market value is determined by taking the mid price of price qouted