In the Separate Financial Statements of a Parent Entity,investments Not

question 2

Multiple Choice

In the separate financial statements of a parent entity,investments not classified as held for sale are accounted for:

• A) at cost.
• B) at fair value.
• C) at either cost or fair value.
• D) not recorded.

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Definitions:

Fiduciary Duties

Obligations one party has to act in the best interest of another when entrusted with care or responsibility, especially in financial matters.

Directors and Officers

Individuals appointed or elected to manage and direct a corporation's affairs, respectively responsible for corporate policies and day-to-day operations.

Selected

Chosen from a group based on specific criteria or for a specific purpose.

Limited Liability Company

A Limited Liability Company (LLC) is a business structure that offers personal liability protection to its owners, along with tax and operational flexibility.