AASB 139 Stipulates How Financial Instruments Are to Be Recognised

question 44

Multiple Choice

AASB 139 stipulates how financial instruments are to be recognised and measured.Specifically these instruments could be:

• A) recorded at their fair value with any changes included in the period's profit or loss unless the instrument was acquired as a hedge.
• B) recorded at fair value with any changes recorded directly to equity and only transferred to profit when the asset is derecognised.
• C) measured and amortised at cost using the effective interest method.
• D) all of the given answers.

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