Under IAS 32, Which of the Following Is Not a Financial

question 34

Multiple Choice

Under IAS 32, which of the following is not a financial asset?

• A) Investment in equity instruments accounted for under the equity method
• B) Cash
• C) A 10% investment in a subsidiary
• D) Loans to other entities

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Definitions:

Government in the Sunshine Act

A U.S. law aimed at ensuring that agencies conduct their meetings in public, promoting transparency.

Public Observation

The act of watching, monitoring, or scrutinizing activities, processes, or events by the general public, often for oversight or interest purposes.

Administrative Inspections

Routine examinations or checks conducted by governmental agencies to ensure compliance with laws, regulations, and standards.

Fourth Amendment

An amendment to the U.S. Constitution protecting individuals against unreasonable searches and seizures by the government.