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.

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Definitions:

Serial Data Transmission

The process of transmitting data one bit at a time, sequentially, over a communication channel.

DC

Direct Current, a form of electrical current that flows in one direction, commonly used in batteries and electronic devices.

Output

Information sent from the processor to a connected device via some interface. The information could be in the form of control data that will signal some device such as a motor to switch on or off or to vary the speed of a drive.