Which Statement Is Correct About Non-Strategic Financial Assets

question 33

Multiple Choice

Which statement is correct about non-strategic financial assets?

• A)ASPE refers to the underlying business model when categorizing these investments.
• B)IFRS classifies these investments in accordance with legal substance.
• C)ASPE classifies these investments in accordance with their nature.
• D)The accounting is the same under ASPE and IFRS for these investments.

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Definitions:

Independent Variable

Within a study, the variable which is altered or adjusted by the investigator to see its impact on the dependent variable.

Dependent Variable

The dependent variable is the variable being tested and measured in a scientific experiment, which is expected to change as a result of variations in the independent variable.

Anecdotal Evidence

Information derived from personal accounts, observations, or stories rather than from scientific analysis or hard data.

Statistical Evidence

Information derived from statistical procedures that is used to support or refute an assertion, hypothesis, or claim.