Under IFRS, Gains and Losses Due to Changes in Interest

question 43

Multiple Choice

Under IFRS, gains and losses due to changes in interest rates on long term debt subsequent to issuance are recorded in which of the following?

• A)Net income
• B)Retained earnings
• C)Gains and losses are not recognized in the financial statements
• D)Comprehensive income

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Definitions:

Token Economy

A behavioral modification technique based on systematic reinforcement using tokens that can be exchanged for desired items or privileges.

Institutionalized Patients

Individuals who are living in an institution such as a hospital or prison, especially for long periods, due to mental illness, criminal behavior, or other reasons.

Cognitive-behavioral Therapy

A psycho-social intervention that aims to improve mental health by focusing on changing unhelpful cognitive distortions and behaviors.

Psychodynamic Therapy

A therapeutic approach that emphasizes understanding the psychological forces underlying human behaviors, feelings, and emotions.