Which of the Following Statement(s)is/are Correct in Regards to Assets

question 13

Multiple Choice

Which of the following statement(s) is/are correct in regards to assets backing general insurance liabilities?

• A) Financial assets are required to be recognised at fair value through profit and loss.
• B) Property, plant and equipment shall be measured using either the cost model or the valuation model.
• C) Investment properties shall be measured using the fair value model.
• D) Financial assets are required to be recognised at fair value through profit and loss and property, plant and equipment shall be measured using either the cost model or the valuation model.
• E) Financial assets are required to be recognised at fair value through profit and loss and investment properties shall be measured using the fair value model.

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Definitions:

Shareholder

An individual or entity that owns shares in a company, giving them a claim on part of its assets and earnings.

Pre-emptive Rights

Rights that allow existing shareholders to purchase additional shares in a company before new shares are offered to the public, to maintain their proportional ownership.

Shareholder's Agreement

A contract among the shareholders of a company outlining their rights, responsibilities, and obligations.

Voting Rights

The entitlement of individuals to participate in the election of government officials and to have their vote counted.