Under Which Method of Accounting for Investments Are Investments Required

question 17

Multiple Choice

Under which method of accounting for investments are investments required to be included in current assets?

• A) Fair value through profit or loss.
• B) Fair value through other comprehensive income.
• C) Equity method.
• D)Cost method.

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Definitions:

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is necessary for issuing warrants or making arrests.

Judge or Magistrate

Officials with the authority to conduct court proceedings, make legal decisions, and rule on legal matters.

Grand Jury

A legal body empowered to conduct official proceedings to investigate potential criminal conduct and determine whether criminal charges should be brought.

Probable Cause

A legal standard that requires a reasonable basis to believe a person has committed a crime, used in issuing warrants and arrests.