Identify which of the following financial instruments are required under AASB 139 Financial Instruments: Recognition and Measurement to be measured at fair value through profit and loss:
$\begin{array}{|l|l|}
\hline \text { I } & \text { Loans receivable } \
\hline \text { II } & \text { Shares held for trading } \
\hline \text { III } & \text { Loans payable } \
\hline \mathrm{IV} & \text { Favourable derivative instruments } \
\hline V & \text { Unfavourable derivative instruments } \
\hline
\end{array}$
A) I, II and III
B) I, II and IV
C) II, III and IV
D) II, IV and V

Question

Quizplus · Accepted Answer

Shares held for trading and both favourable and unfavourable derivative instruments are required to be measured at fair value through profit and loss under AASB 139. Loans receivable and loans payable are not typically measured at fair value through profit and loss.

Identify Which of the Following Financial Instruments Are Required Under