Which Statement Is Correct About an at Fair Value Through

question 9

Multiple Choice

Which statement is correct about an at fair value through profit or loss investment?

• A)The investment is recorded at fair value.
• B)Changes in fair value are recorded in OCI.
• C)The investment is recorded at amortized cost.
• D)The category cannot include debt instruments.

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Definitions:

Wheel Cylinder

A component in drum brakes that pushes the brake shoes against the drum to stop the vehicle.

Dust Boots

Protective covers placed over joints or mechanisms to prevent the ingress of dirt and debris.

Anchor

A device, usually made of metal, used to connect a vessel to the bed of a body of water to prevent the craft from drifting due to wind or current.

Internal Friction Surface

The surface within a mechanical system where internal friction occurs, often influencing the efficiency and wear of the system.