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:

Associated Challenges

Complications or obstacles that are related to a specific situation, task, or goal.

Framers

The individuals who were involved in writing and adopting the United States Constitution, including prominent figures like James Madison and Alexander Hamilton.

American Government

The political system of the United States, consisting of the Executive, Legislative, and Judicial branches at both federal and state levels.

Least Dangerous Branch

A term referring to the judiciary, suggesting that compared to the executive and legislative branches, it has the least capacity to threaten democracy or abuse power.