CFAI Mock Exam - AM - Question 52

available, opinion, provide, someone, support

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

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2^#

发表于 2011-7-13 16:28 | 只看该作者

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

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dmar

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3^#

发表于 2011-7-13 16:28 | 只看该作者

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

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CFAI Mock Exam - AM - Question 52

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