Which of These Is not a Category of Financial Asset

question 7

Multiple Choice

Which of these is not a category of financial asset under IAS 39?

• A)Shares held for trading at fair value through profit or loss
• B)A loan to a debtor
• C)an asset transferred to a third party but with the option to repurchase
• D)Available for sale financial assets

Understand the concept of corporate veil and circumstances under which it can be pierced to hold shareholders personally liable.

Recognize the rights, duties, and potential liabilities of corporate promoters before and after incorporation.

Understand the role and significance of shareholder meetings, voting rights, and dividend distribution in corporate governance.

Understand different categories of software and their purposes.

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Definitions:

Liquid Paper

A brand of white, opaque correction fluid that is applied to paper to cover mistakes in text.

Product Life Cycle

The stages a product goes through from development and introduction to the market, through growth, maturity, and eventually decline.

Divesting Strategy

A business approach that involves selling off subsidiary business interests or investments as a way to focus on core operations or to raise capital.

Harvesting Strategy

A business strategy focused on maximizing short-term profits with limited reinvestment, often used when winding down operations or in declining markets.