GZP purchased a small holding in shares in a listed company, ANG. GZP’s intention is to realize this investment within a few months when seasonal fluctuations in its business make a cash shortfall probable.How should this financial asset be initially clas
GZP purchased a small holding in shares in a listed company, ANG. GZP’s intention is to realize this investment within a few months when seasonal fluctuations in its business make a cash shortfall probable.How should this financial asset be initially classified and subsequently measured in accordance with IAS 39 Financial instruments: recognition and measurement?
A.Held for trading; fair value through profit or loss
B.Held for trading; fair value with gains or losses in other comprehensive income
C.Available for sale; fair value through profit or loss
D.Available for sale; fair value with gains or losses in other comprehensive income
正确答案:Held for trading; fair value through profit or loss
- 上一篇:PZG purchased a 2% holding in equity shares in a listed company, FJK. PZG’s intention is to hold this investment for the long term.How should this financial asset be initially classified and subsequently measured in accordance with IAS 39 Financial instru
- 下一篇:The four categories of financial instruments are (a) Financial assets or liabilities at fair values through profit or loss, (b) Held-to-maturity investments, (c) Loans and receivables, and (d) Available-for-sale financial assets.