An investment in equity instrument may not be classified as a financial asset subsequently measured at Group of answer choices Fair value through profit or loss None of these Fair value through other comprehensive income Amortized cost
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Q: An investment in equity instrument may not be classified as a financial asset subsequently measured…
A: Solution: An investment in equity instrument may not be classified as a financial asset subsequently…
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Q: provide some examples of items that would be adjusted directly against equity, rather than being…
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An investment in equity instrument may not be classified as a financial asset subsequently measured at
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- The third step for making a capital investment decision is to establish baseline criteria for alternatives. Which of the following would not be an acceptable baseline criterion? A. payback method B. accounting rate of return C. internal rate of return D. inventory turnoverWhen the market value of a companys available-for-sale securities is lower than its cost, the difference should be: a. shown as a liability. b. shown as a valuation allowance added to the historical cost of the investments. c. shown as a valuation allowance subtracted from the historical cost of the investments. d. No entry is made, the securities are shown at historical cost.an investment in equity instrument may not be classified as a financial asset subsequently measured at a) Fair value through profit or loss b) Amortized cost c) Fair value through other comprehensive income d) none of these
- Following IFRS, which statement is false? Group of answer choices The revaluation surplus account is a specific account reported as an unrealized gain in the statement of comprehensive income. If the revaluation initially increases the long-term operating asset's carrying value, the firm records the difference between the carrying value and the fair value (the unrealized gain) in the revaluation surplus account. The revaluation surplus account is a specific account reported in other comprehensive income (OCI) in the statement of comprehensive income. If a long-term operating asset's fair value decreases in subsequent accounting periods, after an earlier write-up, the firm reduces the revaluation surplus if it exists.What is the default classification for an equity investment? A Fair value through profit or loss B Fair value through other comprehensive income C Amortised cost D Net proceedsSelect the investment accounting approach with the correct valuation approach: Not Held-for-Collection Held-for-Collection a. Amortized cost Amortized cost b. Fair value Fair value c. Fair value Amortized cost d. Amortized cost Fair value
- Under PAS 1, which of the followingitem is not included in the computation of profit? Finance cost. Post-tax gain or loss on discounted operations. Unrealized gain in change in value of biological assets. Unrealized gain in change in value of available-for-sale securities.15. An investment in equity instrument may not be classified as a financial asset subsequently measured at Group of answer choices Amortized cost None of these Fair value through other comprehensive income Fair value through profit or lossWhich of the following inputs provides the least subjective (i.e., most objective, requiring no judgment) method of valuing financial investments? Group of answer choices: a) Historical cost b) Level 2 inputs c) Level 3 inputs d) Level 1 inputs
- Provide some examples of items that would be adjusted directly against equity, rather than being included as part of profit or loss.( Explain breifly)Which of the following is correct about "Cost", "Expense", and "Loss" concepts? Select one: a. Expense is defined as reduction in firm's equity, other than from withdrawals of capital for which no compensating value has been received. b. Cost is the total of expense and loss. c. Expense is defined as an expired cost resulting from a productive usage of an asset. d. Loss is defined as an expired cost resulting from a productive usage of a non-current asset.Provide an example of items that would be adjusted directly against equity rather than being included as part of profit or loss.
