Which Statement Is Correct About Non-Strategic Financial Assets

question 3

Multiple Choice

Which statement is correct about non-strategic financial assets ?

• A)ASPE refers to trading intentions when categorizing these investments.
• B)IFRS classifies these investments in accordance with trading intentions.
• C)IFRS 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:

Communications Technology

The technical means used to transmit information or data from one place to another, including the internet, telephones, and satellites.

Reporting Relationships

Describes the formal lines of authority and communication between various positions and divisions within an organization.

Diagrams

Visual representations of information, processes, or systems, using shapes, lines, and symbols to convey relationships or data.

Flow of Work

The sequence and progression of tasks or activities within a project or operational process, aiming for efficient completion and productivity.