Which of the Following Statements Is FALSE

question 5

Multiple Choice

Which of the following statements is FALSE?

• A)Entities are required to present non-strategic investments in equity as financial assets.
• B)Financial assets under IFRS 9 are shown at fair value with the difference in fair value going through income.
• C)Entities may make an irrevocable election to show the gains and losses of financial assets through other comprehensive income.
• D)Under ASPE, all financial investments in shares are reflected at fair value unless the shares trade in a public market.

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Definitions:

Glass-Ceiling Effect

A metaphorical barrier that prevents certain groups, often women and minorities, from advancing beyond a certain level in hierarchies, particularly in corporate settings.

Leadership Training

Programs or activities designed to develop and enhance leadership skills and qualities in individuals.

Developing Others

The act of helping individuals grow and advance in their personal or professional skills and capacities.

Executive Development

Educational and training programs designed to enhance the leadership skills and strategic thinking of corporate managers and executives.