Which of the Following Is Not True About the "Fair

question 77

Multiple Choice

Which of the following is not true about the "fair value through profit and loss" approach for accounting for investments under IFRS?

• A)Allowed under both IAS No.39 and IFRS No.9.
• B)Includes unrealized gains in earnings.
• C)Requires reclassification of realized gains from other comprehensive income.
• D)Not vulnerable to other-than-temporary impairments.

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Definitions:

Deceived

Misled or lied to, resulting in being made to believe something that is not true.

Informed Consent

A process ensuring that a participant is fully aware of all aspects of a procedure, including potential risks and benefits, before agreeing to participate.

Confidentiality

The practice of maintaining the privacy of information shared by or about an individual, typically in a professional setting.

Deception

The act of misleading or deceiving someone by concealing or misrepresenting the truth.