Which Statement Is Not Correct About Non-Strategic Investments

question 81

Multiple Choice

Which statement is not correct about non-strategic investments?

• A)IFRS carries FVOCI investments at fair value.
• B)IFRS records unrealized gains and losses on FVOCI investments to OCI.
• C)ASPE records unrealized gains and losses on FVPL investments to OCI.
• D)ASPE does not have an accounting treatment for FVOCI investments.

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Definitions:

Economic Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.

2007-2009

The period marked by a significant global financial crisis, often referred to as the Great Recession, characterized by major declines in economic activity worldwide.

Economic Force

Factors such as inflation, unemployment rates, and economic growth that influence the business environment and economic policy.

Transportation Costs

Expenses incurred in the process of moving goods and services from one location to another, often a significant factor in pricing and supply chain management.