Under IFRS No

question 36

Multiple Choice

Under IFRS No. 9, an investment can be accounted for at amortized cost if:

• A) The debt consists of interest and principal, and the investor is holding the debt to collect those cash flows.
• B) The investor elects amortized cost.
• C) The investor owns between 20% and 50% of outstanding shares.
• D) The debt is not in technical default.

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Definitions:

Free Trade

refers to the absence of tariffs, quotas, and other governmental barriers to international trade, allowing goods and services to move freely across borders.

Domestic Consumption

Refers to the total amount of goods and services consumed within a country.

Domestic Price

The price of goods within a country's borders, contrasting with the price of goods in international markets.

Free Trade

An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods and services to move freely across borders.