According to IFRS 9, Which of the Following Statements Pertaining

question 20

Multiple Choice

According to IFRS 9, which of the following statements pertaining to a forward contract is true?

• A) A forward contract is valued using spot rates throughout its life with any gains or losses to be deferred and amortized as they occur.
• B) A forward contract is valued at fair value throughout its life with any gains or losses to be deferred and amortized as they occur.
• C) A forward contract is valued using spot rates throughout its life with any gains or losses to be taken into income as they occur.
• D) A forward contract is remeasured at fair value throughout its life, with any gains or losses reflected in net income as they occur.

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Definitions:

More Responsibility

Refers to the additional duties or tasks assigned to an individual, often indicating trust and confidence in their capabilities.

Job Enlargement

The process of adding more tasks or responsibilities to an employee's role in order to increase job diversity and employee satisfaction.

Unions

Organizations that represent the collective interests of workers in negotiations with employers regarding wages, work conditions, and benefits.

Job Enrichment

The process of making a job more satisfying and engaging through adding duties that involve different skills or increasing levels of responsibility.