Which of the Following Items Does Not Give Rise to a Reclassification

question 16

Multiple Choice

Which of the following items does not give rise to a reclassification adjustment from components of other comprehensive income to profit and loss?

• A) disposal of a foreign operation
• B) de-recognition of revalued assets
• C) sale of a foreign subsidiary
• D) de-recognition of available-for-sale financial assets

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Definitions:

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representativeness Heuristic

A cognitive shortcut that involves making judgments based on how much one entity represents, or is similar to, another entity.

Insight

The capacity to gain an accurate and deep understanding of someone or something.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.