Which of These Qualities of IAS 39 Is NOT Changed

question 1

Multiple Choice

Which of these qualities of IAS 39 is NOT changed by IFRS 9,phase 1?

• A)The existence of held- to- maturity as a category of financial assets
• B)Initial recognition of financial assets
• C)The existence of loans and receivables as categories of financial assets
• D)Methods of calculating impairments

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Definitions:

Capital

Economic resources that are used in the production of goods and services, including buildings, machinery, equipment, and financial assets.

User Cost

The cost of using a durable good over time, considering depreciation and the opportunity cost of not investing funds elsewhere.

Economic Depreciation

A measure of the decrease in value of an asset over time due to use, wear and tear, and obsolescence.

Marginal Product

The increase in output that arises from an additional unit of input, holding all other inputs constant.