What is true about IFRS Multiple Choice IFRS provides a fair

What is true about IFRS? Multiple Choice IFRS provides a fair value option for most investments that qualify for the equity method Under IFRS, equity investments held for trading can be classified as FVOCI (Fair Value through Other Comprehensive Income). Under IFRS, accumulated unrealized gain or loss associated with sold FVOCI investments pass through the income statement. Under IFRS, impairment of debt investments for amortized cost or FVOCI investments are calculated using the expected credit loss (ECL) model.

Solution

Here the correct answer is D

Under IFRS impairment of debt investment for amortized cost or FVOCI is calculated based on ECL MODEL in ifrs 9

The Expected credit loss model applies to debt instruments recorded at amortized cost or fare value through other comprehensive income such as loans, debt instruments lease receivable and loan commitment

Entities are therefore required to recognize an allowance for 12months period..