Which of the following statements is not true?
A)Trading investments can be classified as either current or non-current assets on the statement of financial position.
B)Under the fair value model, both realized and unrealized gains and losses are reported in the income statement.
C)Under the amortized cost method, no unrealized gains or losses are reported.
D)Non-strategic investments are purchased to generate investment income.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is not true?
A)Trading investments can be classified as either current or non-current assets on the statement of financial position.
B)Under the fair value model, both realized and unrealized gains and losses are reported in the income statement.
C)Under the amortized cost method, no unrealized gains or losses are reported.
D)Non-strategic investments are purchased to generate investment income.

Which of the Following Statements Is Not True