Which Statement Is Correct About a Loan or a Receivable

question 94

Multiple Choice

Which statement is correct about a loan or a receivable instrument?

• A)A financial investment that has fixed or determinable payments, but is not quoted in an active market.
• B)A financial instrument that the entity has designated as available for sale as a result of the entity not expecting to recover substantially all of its initial investment for reasons other than credit deterioration.
• C)A financial instrument that the entity has designated as available for sale on initial recognition.
• D)A financial instrument that the entity intends to sell in the near term.

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Definitions:

Native Populations

The groups of people indigenous to a certain area or country, particularly before the arrival of foreign settlers.

Genocide

The intentional extermination of an entire population defined as a “race” or a “people.”

Ethnic Population

Refers to a group of people who share a common cultural background, heritage, language, or religion, distinctively different from other groups.

Extermination

The act of completely destroying or eradicating something or the mass killing of people, typically in the context of genocide or warfare.