AASB 9 Requires That on Initial Recognition,financial Assets and Liabilities

question 16

Multiple Choice

AASB 9 requires that on initial recognition,financial assets and liabilities be measured at:

• A)fair value.
• B)historical cost.
• C)net present value.
• D)lower of cost or market value.

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Definitions:

Market Manipulation

Actions designed to deceive investors by controlling or artificially affecting the price of securities.

General Partner

A member of a partnership who has unlimited liability and is active in the daily management of the business.

Insider

An individual who has access to confidential or non-public information about a company, primarily due to their relationship with the company.

Limited Offers

Promotions or sales propositions available for a restricted time frame or quantity.