Which Statement Is Correct About Non-Strategic Investments

question 41

Multiple Choice

Which statement is correct about non-strategic investments?

• A)IFRS carries FVOCI investments at fair value with only unrealized losses going to net income.
• B)ASPE carries FVOCI investments at fair value with only unrealized losses going to net income.
• C)IFRS carries FVOCI investments at fair value with unrealized gains and losses going to OCI.
• D)ASPE carries FVOCI investments at fair value with unrealized gains and losses going to OCI.

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Definitions:

Code of Ethics

A set of principles and rules designed to guide the behavior and decision-making of professionals within a specific field.

Ethical Behavior

Acting in ways that are consistent with one's personal values and the accepted moral standards of society.

Confidential

Information that is intended to be kept secret or private, often within a professional context.

Ethically Bound

Obligation to adhere to a set of moral principles and standards of behavior, particularly in professional settings.