Which Statement Is Not Correct About Non-Strategic Investments

question 63

Multiple Choice

Which statement is not correct about non-strategic investments?

• A)IFRS carries AFS investments at fair value.
• B)IFRS records unrealized gains and losses on AFS investments to OCI.
• C)ASPE records unrealized gains and losses on AFGS investments to OCI.
• D)ASPE does not have an accounting treatment for AFS investments.

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Definitions:

Minimal Acceptable

The lowest level or standard considered satisfactory or acceptable for a specific purpose or requirement.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Transfer Price

The price at which services or goods are sold between divisions within the same company or between subsidiaries.

Variable Cost

Costs that are directly influenced by the quantity produced or the volume of sales transactions.