According to AASB 132,which of the Following Are Considered to Be

question 37

True/False

According to AASB 132,which of the following are considered to be financial assets?
A. An equity instrument of another entity.
B. A futures contract for the delivery of a product or service.
C. A prepayment.
D. A futures contract for the delivery of a product or service and a prepayment
E. None of the given answers.

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Definitions:

Foreign Exchange

The trade of one currency for another, facilitating international trade and investment.

Appreciate

To recognize the full worth of something or to increase in value over time.

Arbitrageur

An individual or entity that engages in arbitrage, which involves buying securities in one market at a lower price and selling them in another market at a higher price to profit from the price difference.

Exchange Rate

The conversion value of one currency relative to another.