Which of the Following Statements Is Not True

question 2

Multiple Choice

Which of the following statements is not true?

• A)Under the fair value through other comprehensive income model gains and losses are critical to the evaluation of management.
• B)Under the fair value through profit or loss model, both realized and unrealized gains and losses are reported in the income statement.
• C)Under the amortized cost model, no unrealized gains or losses are reported.
• D)Non-strategic investments are purchased to generate investment income.

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Definitions:

Minimize Occurrence

Efforts or measures taken to reduce the frequency or likelihood of an event or condition happening.

Collaboration

The action of working with someone to produce or create something.

Win-Win Solution

An outcome of a negotiation where all parties feel they have achieved a satisfactory resolution.

Miscommunication

A failure to convey or understand information accurately, leading to misunderstandings or confusion.