Which Statement Is Not Correct

question 129

Multiple Choice

Which statement is not correct?

• A)Held-for-trading investments are carried at amortized cost.
• B)Loans and receivables are carried at amortized cost.
• C)Held-to-maturity investments are carried at amortized cost.
• D)Available-for-sale investments are carried at fair value.

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Definitions:

Product Market

The marketplace in which final goods or services are offered to consumers, businesses, and the public sector.

Household

A social unit of people living together, typically characterized by common residence, economic cooperation, and often familial ties.

Business

An organization or economic system where goods and services are exchanged for one another or for money.

Goods and Services

The tangible products (goods) and intangible activities (services) that fulfill the needs or wants of consumers.