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When creating a personal balance sheet, which of the following is an investment asset?
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.
Trading Portfolio
A collection of financial assets such as stocks, bonds, commodities, and currencies that are held primarily for the purpose of selling them in the near term with the objective of profit.
Fair Value Method
An accounting approach for valuing and reporting assets and liabilities on the basis of estimates of their current fair market prices.
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