In Disclosing Information About How a Financial Asset or Financial

question 8

True/False

In disclosing information about how a financial asset or financial liability meets the conditions to be classified as "at fair value through profit and loss",an entity must have a narrative description of how this designation is consistent with:
A. Industry practice.
B. Its own documented investment strategy.
C. ASIC's requirements.
D. The law.
E. The accounting standard, AASB 1055 Financial Instruments Disclosure.

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Definitions:

Triple Jeopardy

The compounded experience of discrimination based on multiple aspects of one's identity, such as race, gender, and age.

Mental Health

A state of well-being in which individuals realize their own abilities, can cope with the normal stresses of life, can work productively, and are able to make contributions to their community.

Sociocultural Approaches

Psychological theories and treatments that emphasize the influence of societal and cultural factors on individual behavior and mental health.

Alzheimer's Disease

A degenerative brain disorder characterized by memory loss, cognitive decline, and personality changes, leading to severe impairments in daily functioning.