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:

Family Relationships

Connections by blood, marriage, or adoption that link individuals together in various roles and interactions within a family structure.

Family Hero

A family role where a member takes on responsibilities to compensate for challenges or deficiencies within the family, often perceived as exemplary or overachieving.

Chemically Dependent

A condition where an individual becomes physically or psychologically reliant on substances such as drugs or alcohol.

Chemical Dependency

A condition characterized by the compulsive use of controlled substances or addiction to alcohol or drugs, leading to significant impairment or distress.