CFAI Mock Exam - AM - Question 52 available, opinion, provide, someone, support

cmacedo

Regarding IFRS and held for trading/available for sale securities.

Can someone please explain to me why the answer is not C?

The reasoning they provide for answer A seems to support answer C, in my opinion.

pogo

note that the analysis is at a point in time and also note that there is no difference in the treatment btw IFRS and GAAP hence there is no difference if reporting under either

dmar

Ahhh. Right. No difference, so they both would recognize the gains on held for trading securities on their income statement.