Which Statement Is Correct About Accounting for Financial Instruments

question 14

Multiple Choice

Which statement is correct about accounting for financial instruments?

• A)All financial instruments are accounted for at fair value through profit or loss.
• B)All are accounted for in accordance to their economic substance.
• C)All financial instruments are accounted for at amortized cost.
• D)All financial instruments are accounted for at fair value through OCI.

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Definitions:

Commercial Ventures

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User Trends

Patterns or changes in consumer behavior, often analyzed within digital platforms to understand preferences, usage, and engagement over time.

LGBTQ Community

refers to the collective of individuals who identify as lesbian, gay, bisexual, transgender, queer, or questioning, along with their allies.

Came Out

This phrase is often used to describe the act of disclosing one's sexual orientation or gender identity publicly.