Which Statement Is Not Correct About Non-Strategic Investments

question 81

Multiple Choice

Which statement is not correct about non-strategic investments?

• A)IFRS carries FVOCI investments at fair value.
• B)IFRS records unrealized gains and losses on FVOCI investments to OCI.
• C)ASPE records unrealized gains and losses on FVPL investments to OCI.
• D)ASPE does not have an accounting treatment for FVOCI investments.

---

Definitions:

Nonsense Mutation

A base-pair substitution mutation that results in an amino acid–specifying codon being changed to a termination (stop) codon; when the abnormal mRNA is translated, the resulting protein is usually shortened and nonfunctional. Compare with missense mutation.

Codon

A sequence of three nucleotides that together form a unit of genetic code in a DNA or RNA molecule, representing a specific amino acid.

Termination Codon

A nucleotide triplet within messenger RNA that signals the end of translation, resulting in the release of the newly synthesized protein.

Anticodon

Three nucleotides in a row create a genetic code unit within a transfer RNA molecule, matching a corresponding codon in messenger RNA.