Which Statement Is Not Correct

question 128

Multiple Choice

Which statement is not correct?

• A)At fair value through profit or loss investments are carried at fair value.
• B)At fair value through OCI investments are carried at fair value.
• C)Amortized cost investments are carried at fair value.
• D)Investments in equity instruments cannot be classified at fair value through OCI.

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Definitions:

Multifaceted Approach

A strategy that involves considering multiple perspectives and employing several methods to address a problem or situation.

Flexible Approach

An adaptable and responsive strategy in business, personal planning, or problem solving that allows for modifications based on changing conditions.

Managerial Thinking

The cognitive process involved in planning, decision making, and problem solving within a management context.

Certainty

The state of being completely confident or having an absolute conviction about something, with no doubts.