In Accounting for Non-Influential Securities

question 148

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" is commonly referred to as "available-for-sale financial assets" under GAAP
• E) Both A and C above are true statements

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Definitions:

Hypergeometric Probability

The probability of a certain number of successes in draws from a finite population without replacement, where each draw can result in a success or a failure.

Continuous Probability

The probability of outcomes in a continuous range of values rather than discrete outcomes.

Hypergeometric Formula

A statistical formula used to calculate probabilities without replacement for finite populations.

Without Replacement

A sampling method where each selected unit is not returned to the population before the next draw.