Which of the following must a company NOT disclose with regards to any financial instruments which it may possess?
A) Amortized cost.
B) Accounting policy used for reporting purposes.
C) The fair value of each class of financial asset or liability.
D) The nature and extent of risks arising from the instruments.

Question

Quizplus · Accepted Answer

Amortized cost is not a mandatory disclosure requirement for all financial instruments. Disclosure requirements can vary based on the type of financial instrument and the accounting framework applied (e.g., IFRS, GAAP), but typically include fair value, accounting policies, and risk information.

Which of the Following Must a Company NOT Disclose with Regards