Which of the Following Statements Is TRUE Under IFRS 9

question 8

Multiple Choice

Which of the following statements is TRUE under IFRS 9?

• A) All unrealized gains and losses on equity investments flow through other comprehensive income (OCI).
• B) Unrealized gains and losses on fair value through profit and loss (FVTPL) securities are included in Other Comprehensive Income.
• C) Unrealized gains and losses on equity investments may be included in other comprehensive income (OCI) only if a decision to do so is made when the investment is acquired.
• D) Other comprehensive income (OCI) is included in net income.

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Definitions:

Bystander Effect

A social psychological phenomenon in which individuals are less likely to offer help to a victim when other people are present.

Social-Responsibility Norm

An expectation that people will help those needing their help.

Kitty Genovese

A woman whose 1964 murder in New York City became a symbol of urban apathy, leading to research on the "bystander effect."

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present.