Which Statement Is Correct About an at Fair Value Through

question 27

Multiple Choice

Which statement is correct about an at fair value through OCI investment?

• A)The investment is reported at historical cost.
• B)Changes in fair value are recorded in OCI.
• C)These investments are acquired exclusively for selling in the near term.
• D)Changes in fair value are recorded in income.

---

Definitions:

Business Premises

The physical location of a business, including all its land and buildings, where commercial operations are conducted.

Legal Issue

A dispute or question that requires interpretation of the law, often arising within the context of a lawsuit or legal proceeding.

Research Task

An assigned activity that necessitates a deep investigation into a specific topic or question.

Nature

Refers to the inherent or essential qualities or character of something, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth as opposed to humans or human creations.