alleryStart learning →The IFRS 9 FVOCI election for equity covers which instruments?
AThose held for trading
BThose not held for trading
COnly unquoted debentures
DOnly quoted derivatives
Answer & Solution
Correct answer: B. Those not held for trading
An entity may elect FVOCI for equity investments that are not held for trading.
Keep practising Ind AS 109 Financial Instruments
Browse all Ind AS 109 Financial Instruments questions for CA Final, or explore more Financialreporting topics.
Related questions
The 2009 IFRS 9 model for debt assets allowed which two approaches?IFRS 9 hedge documentation must describe what?How did IFRS 9 change hedge accounting for non-financial entities?What must an entity do to qualify for hedge accounting?Which exchange is noted for rice futures traded since the eighteenth century?As an option nears expiry, what happens to its time value?Which portion of IFRS 9 did the IASB issue first, in 2009?Under the FASB CECL model, losses are recognised over what period from acquisition?