Which THREE of the following statements are true in relation to financial assets designated as fair value through profit or loss under IAS 39 Financial Instruments: Recognition and Measurement?
A.
Shares in another entity held for short term trading purposes fall within this category.
B.
Transaction costs in relation to these assets are expensed to profit or loss on acquisition.
C.
Transaction costs in relation to these assets are added to the initial cost of the asset on acquisition.
D.
The gain or loss on the subsequent measurement of these assets is recorded within other comprehensive income.
E.
The gain or loss on the subsequent measurement of these assets is recorded within profit for the year.
F.
Once the asset has been subsequently measured to fair value an impairment review is undertaken.
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