Q11 Which of the following options is INCORRECT regarding financial assets and the subsequent measurement model(s)? Select one: a. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in OCI _ b. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Amortised cost _ c. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in SPL _ d. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Fair value, adjustments in OCI
Q11 Which of the following options is INCORRECT regarding financial assets and the subsequent measurement model(s)? Select one: a. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in OCI _ b. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Amortised cost _ c. Financial Asset: Equity instrument Management Intention: Realise fair value changes Measurement Model: Fair value, adjustments in SPL _ d. Financial Asset: Debt instrument Management Intention: Earning contractual cash flows Measurement Model: Fair value, adjustments in OCI
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q11
Which of the following options is INCORRECT regarding financial assets and the subsequent measurement model(s)?
Select one:
a. Financial Asset: Equity instrument
Management Intention: Realise fair value changes
Measurement Model: Fair value, adjustments in OCI
_
b. Financial Asset: Debt instrument
Management Intention: Earning contractual
Measurement Model: Amortised cost
_
c. Financial Asset: Equity instrument
Management Intention: Realise fair value changes
Measurement Model: Fair value, adjustments in SPL
_
d. Financial Asset: Debt instrument
Management Intention: Earning contractual cash flows
Measurement Model: Fair value, adjustments in OCI
_
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