In Disclosing Information About How a Financial Asset or Financial

question 8

True/False

In disclosing information about how a financial asset or financial liability meets the conditions to be classified as "at fair value through profit and loss",an entity must have a narrative description of how this designation is consistent with:
A. Industry practice.
B. Its own documented investment strategy.
C. ASIC's requirements.
D. The law.
E. The accounting standard, AASB 1055 Financial Instruments Disclosure.

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