Which of the Following Statements Is TRUE Under IFRS 9

question 32

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 Retained Earnings.

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Definitions:

Lower Fence

A term used in descriptive statistics and boxplot construction, referring to a value below which lies an outlier in a dataset, typically calculated as Q1 - 1.5*IQR, where Q1 is the first quartile and IQR is the interquartile range.

Box And Whisker Plot

A graphical representation of data that displays the median, quartiles, and extremes, providing a visual summary of the distribution.

Percentiles

Statistical measures indicating the value below which a given percentage of observations in a group of observations falls.

Interquartile Range

Interquartile range is a measure of statistical dispersion and is the difference between the 25th (lower quartile) and 75th (upper quartile) percentile of the data.