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:

Shady Side

A term referring to the darker, cooler, or less exposed area or aspect of something, often used literally or metaphorically to describe a situation or place.

Randomized Block Design

An experimental design that groups subjects into blocks based on certain similarities before randomly assigning treatments, reducing confounding variables.

Age

A measure of the time an individual or object has existed from its creation or birth to a specific point.

Exercise

Physical activities intended to improve strength, fitness, and health.