Which of the Following Investment Classifications Are the Same for GAAP

question 139

Multiple Choice

Which of the following investment classifications are the same for GAAP and IFRS?

• A) Available-for-sale
• B) Held-to-maturity
• C) Non-trading
• D) Trading.

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Definitions:

Profession

A disciplined group of individuals who adhere to ethical standards and possess specialized knowledge and skills in a significant field of human endeavor.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.

Emergency Room

A specialized department in a hospital that provides immediate treatment for acute illnesses and injuries.

Allopathic Medicine

A system of medical practice that aims to combat disease by using remedies such as drugs or surgery, which produce effects different from those caused by the disease under treatment.