Identify Which of the Following Financial Instruments Are Required Under

question 47

Multiple Choice

Identify which of the following financial instruments are required under IAS 39 Financial Instruments: Recognition and Measurement to be measured at fair value through profit and loss: $\begin{array}{|l|l|}\hline \text { I } & \text { Loans receivable } \\\hline \text { II } & \text { Shares held for trading } \\\hline \text { III } & \text { Loans payable } \\\hline \text { IV } & \text { Favourable derivative instruments } \\\hline \text { V } & \text { Unfavourable derivative instruments } \\\hline\end{array}$

• A)I, II and III
• B)I, II and IV
• C)II, III and IV
• D)II, IV and V

---

Definitions:

Misconduct

Inappropriate or illegal behavior by an individual or organization, often violating ethical standards or norms.

Expert Power

The influence wielded by an individual or group owing to their expertise, skill, or knowledge.

Influence Behavior

The process of affecting or changing someone’s actions, decisions, or opinions through indirect or direct methods.

Sarbanes-Oxley 404

A provision of the Sarbanes-Oxley Act that requires publicly traded companies to have an internal control report in their annual reports, aiming to enhance the accuracy of corporate disclosures.