Under the Fair Value Through Other Comprehensive Income Model, Investments

question 5

Multiple Choice

Under the fair value through other comprehensive income model, investments are reported as long term assets

• A)Depending on marketability and management intent
• B)Depending on the value and risk of the investment
• C)Depending on the balance in the accumulated comprehensive income account
• D)None of these

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Definitions:

Assignor

A party who transfers rights or interests in a property, contract or other legal entity to another party, known as the assignee.

Third-Party Beneficiary

An individual or entity who, though not a party to a contract, benefits from the contract's performance by the contracting parties.

Promisor

The person in a contract who pledges to undertake an action or provide a service or good.

Highly Personal

Pertaining to items or information that are deeply personal or private in nature, often with legal implications for their handling or disclosure.