Which of the Following Statements Is Correct in Regards to Assets

question 50

Multiple Choice

Which of the following statements is correct in regards to assets backing general insurance liabilities?

• A) Financial assets are required to be recognised at fair value through profit and loss.
• B) Property, plant and equipment shall be measured using either the cost model or the valuation model.
• C) Investment properties shall be measured using the fair value model.
• D) Financial assets are required to be recognised at fair value through profit and loss, and investment properties shall be measured using the fair value model.

---

Definitions:

Environmentally Friendly

Practices, products, or methods designed to minimize harm to the environment.

OSHA Standards

Regulations and guidelines issued by the Occupational Safety and Health Administration to ensure safe and healthful working conditions.

Energy

The capacity to do work, manifested in various forms such as heat, light, motion, electrical, chemical, and potential energies.

Product's Maintainability

The ease with which a product can be maintained in order to correct defects or to conduct preventive maintenance.