What Should an Investment in a Debt Instrument Be Classified

question 48

Multiple Choice

What should an investment in a debt instrument be classified as when the business model does not include an intent to trade it?

• A)Associate.
• B)Amortized cost.
• C)At fair value through OCI.
• D)At fair value through profit or loss.

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Definitions:

Temporary Accounts

Accounts that are closed at the end of each accounting period, including revenue, expense, and withdrawal accounts, used to track transactions for a particular period.