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NEW QUESTION: 1
Which THREE of the following statements are true in relation to financial assets designated as fair value through profit or loss under IAS 39 Financial Instruments: Recognition and Measurement?
A. The gain or loss on the subsequent measurement of these assets is recorded within profit for the year.
B. Transaction costs in relation to these assets are added to the initial cost of the asset on acquisition.
C. Shares in another entity held for short term trading purposes fall within this category.
D. The gain or loss on the subsequent measurement of these assets is recorded within other comprehensive income.
E. Transaction costs in relation to these assets are expensed to profit or loss on acquisition.
F. Once the asset has been subsequently measured to fair value an impairment review is undertaken.
Answer: A,C,E
NEW QUESTION: 2
A 5-year-old child was recently diagnosed as having acute lymphoid leukemia. She is hospitalized for additional tests and to begin a course of chemotherapy designed to induce a remission. She is scheduled to have a bone marrow aspiration tomorrow. She has had a bone marrow test previously and is apprehensive about having another. Which of the following interventions will be most effective in relieving her anxiety?
A. Give her a big hug and tell her that she is a big girl now and that she will do just fine.
B. Tell her not to worry about it, that it will be over soon and she can join her friends in the playroom.
C. Explain what will take place and what she will see, feel, and hear.
D. Remind her that she has had this procedure before and that it is nothing to be afraid of.
Answer: C
Explanation:
Explanation
(A) Even though the child has had the procedure before, she will probably need additional explanations and emotional support. (B) The fact that the child has had the procedure before and possibly found it painful or uncomfortable may increase, not relieve, her stress. (C) This intervention does nothing to reassure the child and may well prevent her from expressing her feelings. (D) This does not prepare the child for the test and burdens her with the expectation that she act bigger and braver than she is.
NEW QUESTION: 3
A mutual fund letter of intent may permissibly be predated for a period of time up to:
A. 5 business days
B. 13 months
C. 90 calendar days
D. 10 business days
Answer: C
Explanation:
90 calendar days. An investor has 90 days from the date of original purchase to sign a letter
of intent. The maximum duration for the letter is 13 months from the initial purchase.
