The objectives of disclosures required for investments in debt and equity investments do NOT include
A) how significant the investments are to the investor's financial position and performance.
B) whether the investments are classified as current or long-term.
C) the nature and extent of the risks that the investor faces as a result of the investments.
D) how the risks that the investor faces as a result of the investments are managed.

Question

Quizplus · Accepted Answer

The classification of the investments as current or long-term is already indicated in the financial statements, so it is not an objective of the disclosures required. The other options listed (A, C, and D) are all objectives of the required disclosures.

The Objectives of Disclosures Required for Investments in Debt and Equity