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:

Phosphates

Inorganic chemical compounds used as fertilizers and in various industrial applications, often contributing to water pollution.

Plant Nutrients

Essential minerals and elements required by plants for growth and development, including nitrogen, phosphorus, and potassium.

Coliform Bacteria

A group of bacteria predominantly present in the intestines of warm-blooded organisms and in the environment, used as an indicator of sanitary quality of foods and water.

World Health Organization

A specialized agency of the United Nations responsible for international public health.