1. Dividend income for FVOCI should be recognized in the Statement of Other comprehensive income. True or False?

2. Fair Value through Profit or Loss equity Securities or Trading securities are intended to be sold in the short term and can be traded to generate income from short term differences in price. True or False?

3. Changes in market value for FVOCI are recognized directly in Statement of Profit or Loss. True or False?

4. An organization holds a bond that it may sell if the bond's market price is favorably impacted by changes in interest rates but it has no plans to sell the bond in the short term and does not intend to hold the bond to maturity is considered FVOCI. True or False?

5. Under Equity method, the investor will recognize its proportionate share of investee dividends as a decrease in the investment account. True or False?