Which Statement Is Correct About an at Fair Value Through

question 9

Multiple Choice

Which statement is correct about an at fair value through profit or loss investment?

• A)The investment is recorded at fair value.
• B)Changes in fair value are recorded in OCI.
• C)The investment is recorded at amortized cost.
• D)The category cannot include debt instruments.

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Definitions:

Cement

1. A natural material precipitated in the pore spaces between grains, helping to hold the grains together. 2. A processed, whitish powder, typically derived from calcium carbonate, that sets to a solid mass when mixed with water and usually other materials.

Sedimentary Rocks

Rocks formed by the accumulation and consolidation of sediment, typically layered and including types such as sandstone and shale.

Calcite

A mineral made of calcium carbonate (CaCO3), one of the most common minerals on Earth's surface and a primary component of limestone.

Pyroxene

One of a group of mostly dark, single-chain silicate minerals.