Under IFRS, Which of the Following Is NOT a Condition

question 43

Multiple Choice

Under IFRS, which of the following is NOT a condition for an investment to be classified as current?

• A)It is held primarily for trading purposes.
• B)It is a cash equivalent.
• C)It must be expected to be sold or realized within 12 months from the balance sheet date.
• D)It must be accounted for under the cost model.

---

Definitions:

Population Proportion

A measure that represents the fraction of the total population that possesses a specific attribute or characteristic.

Sample Size

The number of observations or entities in a subset of data taken from a larger population used for statistical analysis.

Estimate

An approximation or prediction of a quantity based on sampled data, serving as a close representation of the actual value.

Laboratory Technician

A professional who performs diagnostic tests or experiments in a lab setting, often under the direction of scientists or other healthcare professionals.