Under IFRS 9, Financial Instruments, Which of the Following Is

question 20

Multiple Choice

Under IFRS 9, Financial Instruments, which of the following is NOT a category into which a financial asset must be classified?

• A) Property, plant, and equipment
• B) Bonds held to maturity
• C) Loans and receivables
• D) Available-for-sale financial assets

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Definitions:

Resources

Available assets or inputs (like time, money, labor) that can be utilized to achieve goals or operations.

External Constraint

Factors outside an organization or individual that limit or influence actions and decisions.

Budgetary Requirements

encompass the financial resources needed to support an activity, project, or organization, including estimates of income and expenditures.

Labor Laws

Regulations that govern the relationship between employers and employees, covering aspects such as employment terms, working conditions, and labor rights.