Which of the Following Is Correct with Respect to the Accounting

question 62

Multiple Choice

Which of the following is correct with respect to the accounting for "investment properties"?

• A)Under ASPE, either the cost or fair value model may be used.
• B)Under IFRS, either the cost or fair value model may be used.
• C)Under ASPE, either the revaluation or fair value model may be used.
• D)Under IFRS, either the revaluation or fair value model may be used.

---

Definitions:

Emotional Intelligence

Ability to perceive and express emotion, use emotions to facilitate thought, understand and reason with emotion, and regulate emotion.

Separating Emotion

The process of detaching emotions from a particular situation in order to approach it more logically or neutrally.

Suppress Emotions

The conscious effort to control and hold back one's feelings or emotional responses.

Autonomic Arousal

The activation of the autonomic nervous system, resulting in physiological responses such as increased heart rate, sweating, or rapid breathing, often as a reaction to stress or excitement.