Which of the Following Statements Is Correct

question 14

Multiple Choice

Which of the following statements is correct?

• A) A debt instrument purchased to earn interest will be valued at fair value.
• B) A debt instrument which is purchased to earn interest will be valued at amortized cost.
• C) Gains or losses on FVTPL investments are not recorded until the trading investments are sold and the gains or losses are realized.
• D) All gains and losses on fair value adjustments arising from FVTPL investments are reported in profit or loss.

---

Definitions:

Heterosexual

Describing a person who is sexually attracted to individuals of the opposite sex.

Hypothalamus

A region of the brain responsible for hormone production and regulation, influencing various physiological processes.

AIDS

Acquired Immunodeficiency Syndrome, a disease caused by the HIV virus that leads to a weakened immune system.

Brain Abnormalities

Structural or functional deviations in the brain that can lead to various neurological and psychological disorders.