In Accounting for Non-Influential Securities

question 111

Multiple Choice

In accounting for non-influential securities:

• A)The GAAP concept of "trading securities" is commonly referred to as "financial
• Assets at fair value through profit and loss" under IFRS
• B)The IFRS concept of "trading securities" is commonly referred to as "financial
• Assets at fair value through profit and loss" under GAAP
• C)The GAAP concept of "available-for-sale securities" is commonly referred to as "available-for-sale financial assets" under IFRS
• D)The IRFS concept of "available-for-sale securities" are commonly referred to as "available-for-sale financial assets" under GAAP
• E)Both A and C above are true statements