Which Statement Is Correct About Non-Strategic Financial Assets

question 33

Multiple Choice

Which statement is correct about non-strategic financial assets?

• A)ASPE refers to the underlying business model when categorizing these investments.
• B)IFRS classifies these investments in accordance with legal substance.
• C)ASPE classifies these investments in accordance with their nature.
• D)The accounting is the same under ASPE and IFRS for these investments.

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Definitions:

Fibula

The fibula is the slender and long bone located on the lateral side of the tibia in the lower leg, playing a key role in stabilizing the ankle and supporting muscles of the lower leg.

Tarsals

The seven bones that form the ankle and the posterior portion of the foot arch.

Tibia

The larger and stronger of the two bones in the lower leg, commonly referred to as the shinbone.

Patella

A small flat triangular bone located at the front of the knee joint; commonly known as the kneecap.