1. Which of the following may be measured subsequently at amortized cost? a. None of these b. A non-derivative equity instrument c. A derivalive d. A non-derivative debt instrument
1. Which of the following may be measured subsequently at amortized cost?
a. None of these
b. A non-derivative equity instrument
c. A derivalive
d. A non-derivative debt instrument
2. An investment in equity instrument may not be classified as a financial asset subsequently measured at
a. Fair value through other comprehensive income
b. Amortized cost
c. Fair value through proft or loss
d. None of these
3. Significant influence is
a. The contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control.
b. The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
c. The power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies.
d. Deemed to exist when the investor is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.
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