CAF-6 · Chapter 2 · Question 11 of 15
According to IFRS 9, if a financial asset is classified as an investment in equity instruments designated at FVOCI, where are the subsequent changes in fair value recognized?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) In other comprehensive income (OCI).
Explanation
For equity instruments irrevocably designated at FVOCI, subsequent changes in fair value are recognized in other comprehensive income.
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