1 trading securities only changes in market value

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Unformatted text preview: o Bucket 1. 137.Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. 1. Trading securities only Changes in market value affect net __ income. __ 2. Trading securities and Changes in market value affect __ securities available for sale comprehensive income, but not net income. __ Temporary declines in the fair value of an __ 3. Dividends received available for sale security. __ 4. Securities available for sale Reduces the investment account balance __ only under the equity method. __ 5. Unrealized losses Reported at fair value. __ __ 138.Listed below are five terms followed by a list of phrases that describe or characterize each of the terms with respect to accounting for investments under IFRS. Match each phrase with the correct term by placing the letter designating the best term in the space provided by the phrase. 1. IFRS No. 9 One of the criteria that must be met under IFRS No. _ 9 to qualify for use of the amortized cost method. __ _ 2. Business model Does not allow the "held-to-maturity" approach for _ test debt investments. __ _ 3. Fair value Can be accounted for as "fair value through profit _ through other and loss" or as "fair value through other comprehensive__ comprehensive income" under IFRS No. 9. _ income 4. Accounting Similar to available for sale investments, except _ mismatch realized gains and losses are not reclassified into net__ income. _ 5. Equity One of the circumstances in which the fair-value _ investments option can be used under IFRS. __ _ 139.Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term. Change accounted for prospectively. ___ 1. Change from the equity method _ 2. Unrealized gains Encompass cash, equity securities, and debt ___ securities _ 3. Change to the equity Result from a decline in fair value prior to ___ method sale. _ 4. Unrealized losses Change accounted for retrospectively. ___ _ 5. Financia...
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