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Investment
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Which of the following is NOT true about the "fair value through profit and loss" approach for accounting for investments under IFRS?
Allowed under both IAS No. 39 and IFRS No. 9.
Includes unrealized gains in earnings.
Requires reclassification of realized gains from other comprehensive income.
Not vulnerable to other-than-temporary impairments.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
Requires reclassification of realized gains from other comprehensive income.
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