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Under IAS 39,Financial Instruments: Recognition and Measurement,which of the Following

question 4

Multiple Choice

Under IAS 39,Financial Instruments: Recognition and Measurement,which of the following is NOT a category into which a financial asset must be classified?


Definitions:

Sales

The revenue generated from the selling of goods or services by a company or an enterprise to its customers.

Turnover

Sales divided by average operating assets.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, expressed as a percentage.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit but before income taxes and interest expenses are deducted.

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