Under IFRS, Which of the Following Is NOT a Condition

question 26

Multiple Choice

Under IFRS, which of the following is NOT a condition for an investment to be classified as current?

• A) It is held primarily for trading purposes.
• B) It is a cash equivalent.
• C) It must be expected to be sold or realized within 12 months from the statement of financial position date.
• D) It must be accounted for under the cost model.

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Definitions:

Dissociative Identity Disorder

A complex psychological condition marked by the presence of two or more distinct personality states or identities within a single individual.

Glove Anesthesia

A psychogenic condition where a person experiences a loss of sensation in the hand and wrist, similar to when wearing a glove, without a physical cause.

Loss Of Sensation

A condition where an individual experiences a diminished ability to feel or sense stimuli, which can be localized or generalized.

Extremities

The furthest points or limits of something, often referring to the limbs of the human body (arms and legs).