none of the choices?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Which of the following is false?
A. Under PFRS 9, the basis of carrying investments in debt securities as FVPL, FVOCI, or at amortized cost, is the entity’s business model.
B. Under PFRS 9, an investment in equity securities not held for trading is automatically accounted for as FVOCI.
C. Reclassification of investment in equity securities under PFRS 9 is not allowed.
D. Under PFRS 9, reclassification of investment in debt securities is allowed.
Or none of the choices?
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