Which Following Is Not a New Requirement of IFRS 9

question 13

Multiple Choice

Which following is not a new requirement of IFRS 9?

• A)Equity investments are measured at fair value and changes in fair value appear in other comprehensive income and are recycled to profit and loss
• B)Amortized cost may be used only if the asset gives rise on specified date to cash flows that are solely payments of principal and interest on the outstanding principal and the entity's business model calls for holding the asset to collect the cash flows.
• C)All other financial assets must be accounted for at fair value.
• D)Most financial liabilities are measured at fair value.

---

Definitions:

Cognitive Development

The development of cognitive functions such as memory, solving problems, and making decisions, from childhood and teenage years into adult life.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Social Learning Theory

A theory that emphasizes the influence of other people. Even without reinforcement, people learn via role models. (Also called observational learning.)

Learning Theory

A conceptual framework describing how information is absorbed, processed, and retained during learning.