Multiple Choice
Which of the following is not true about accounting for an equity investment under IFRS No. 9?
A) The investor can elect to account for the investment as FVOCI.
B) Unrealized holding gains and losses on the investment will be recognized in income unless the investor elects to account for the investment as FVOCI.
C) If the investor elects to account for the investment as FVOCI, gains and losses will be recognized in net income when the investment is sold.
D) Unrealized holding gains and losses are recognized in net income if the investor accounts for the investments as FVPL.
Correct Answer:
Verified
Correct Answer:
Verified
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