AASB 139 Stipulates How Financial Instruments Are to Be Recognised

question 15

True/False

AASB 139 stipulates how financial instruments are to be recognised and measured.Specifically these instruments could be:
A. Recorded at their fair value with any changes included in the period's profit or loss unless the instrument was acquired as a hedge.
B. Recorded at fair value with any changes recorded directly to equity and only transferred to profit when the asset is derecognised.
C. Measured and amortised at cost using the effective interest method.
D. All of the given answers.
E. Recorded at fair value with any changes recorded directly to equity and only transferred to profit when the asset is derecognised and measured and amortised at cost using the effective interest method.

---

Definitions:

Normal Distribution

A bell-shaped data distribution where most observations cluster around the central peak and the probabilities for values further away from the mean taper off equally in both directions.

Sample Proportion

The fraction or percentage of a sample that exhibits a particular trait or attribute.

Population Proportion

The percentage of individuals in a population who share a certain characteristic or attribute.

Expected Value

The expected value of a random variable is the long-run average value of repetitions of the experiment it represents.