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:

Employee Assistance Programs

Workplace initiatives that provide confidential counseling and support services to employees dealing with personal or professional issues.

Pension Plans

Financial programs that provide income to individuals during their retirement, funded by previous employment contributions.

Family Conflicts

Disagreements and battles of interest within a family unit, which can affect the emotional and psychological well-being of members.

Legal Troubles

Difficulties or disputes that involve the law or legal system, including litigation, criminal charges, or regulatory investigations.