A Bond That Is Not Managed as Part of an Actively

question 48

True/False

A bond that is not managed as part of an actively traded portfolio and not held solely to correct its contractual cash flows would be classified as FVTOCI under IFRS.

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Definitions:

Firefighters

Trained professionals dedicated to extinguishing fires, rescuing individuals, and preventing the spread of fires, often involved in medical aid and disaster response.

Bankers

Professionals involved in the banking industry, dealing with the management of financial institutions, transactions, and the provision of financial services.

Volatile Substance

A substance that easily evaporates at normal temperatures and pressures, often creating potential hazards such as flammability or health risks when inhaled.

Progressive Disciplinary System

A process where the severity of punishment increases with each subsequent offense within a workplace.