IFRS Has an Option for Which Assets to Be Reported

question 16

Multiple Choice

IFRS has an option for which assets to be reported at fair value?

• A)Equity investments but not plant assets
• B)Plant assets but not equity investments
• C)Equity investments and plant assets
• D)Neither equity investments nor plant assets.

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Definitions:

Directorate

refers to a form of government or a governing body, such as the five-member Directory that ruled France from 1795 to 1799 during the latter stages of the French Revolution.

Conservative Body

A group or organization that advocates for maintaining traditional values and resisting major changes in societal or political structures.

Treaty of Paris

A historic agreement signed to end a conflict or war, notable instances include the 1783 treaty ending the American Revolutionary War and the 1814-1815 treaties following the Napoleonic Wars.