Under PFRS9, investment in equity securities not held for trading are classified as: A. FVOCI B. Either FVPL or FVOCI, depending on the entity’s business model. C. FVOCI, if the entity opted to carry as FVOCI, otherwise, carried as FVPL. D. FVPL

Under PFRS9, investment in equity securities not held for trading are classified as: A. FVOCI B. Either FVPL or FVOCI, depending on the entity’s business model. C. FVOCI, if the entity opted to carry as FVOCI, otherwise, carried as FVPL. D. FVPL

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 1MCQ

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Question

Under PFRS9, investment in equity securities not held for trading are classified as:

A. FVOCI

B. Either FVPL or FVOCI, depending on the entity’s business model.

C. FVOCI, if the entity opted to carry as FVOCI, otherwise, carried as FVPL.

D. FVPL

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