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- Multiple ChoicePlease save your changes before editing any questions.
Which of the following reasons is not a purpose of investment
Accretion of wealth
ownership control
meeting business requirements
Payment of loans
- Multiple ChoicePlease save your changes before editing any questions.
The following are financial assets except,
Non-trading equity securities
investment in subsidiary
investment in joint venture
investment property
- Multiple ChoicePlease save your changes before editing any questions.
Generally, investments are classified in the balance sheet as
Current asset
Non-current asset
either current asset or non-current assets
none of the above
- Multiple ChoicePlease save your changes before editing any questions.
Financial Asset is any asset that is
Cash
A contractual right to exchange financial instrument with another entity under conditions that are potentially unfavorable
both choices are true
none of the above
- Multiple ChoicePlease save your changes before editing any questions.
Financial Assets are fair value through profit or loss may classify as
equity securities and debt securities
equity securities only
debt securities only
none of the above
- Multiple ChoicePlease save your changes before editing any questions.
It encompasses any instrument representing ownership shares and rights, warrants or options to acquire or dispose of ownership shares at a fixed or determinable price.
debt security
equity security
redeemable preference shares
none of the above
- Multiple ChoicePlease save your changes before editing any questions.
What is the initial measurement of the financial asset
Fair Value
Face Value
At Cost
Amortized Cost
- Multiple ChoicePlease save your changes before editing any questions.
Subsequent measurement of an asset includes the following except
Fair Value through profit or loss(FVTPL)
Fair Value through other comprehensive income(FVOCI)
Amortized Cost
None of the above
- Multiple ChoicePlease save your changes before editing any questions.
It refers to the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date.
Cash
Quoted Price
Unrealized gain
Fair value
- Multiple ChoicePlease save your changes before editing any questions.
The following financial assets shall be measured at "fair value through profit or loss" except
Trading securities
Investment in quoted equity instruments
Financial assets that are irrevocably designated as Fair value through profit or loss
Debt Investment measured at fair value through profit or loss "bu default" in accordance with PFRS 9
all of the above are measured at fair value through profit or loss