Multiple Choice

Realized gains and losses on the FVTPL sale of investments must appear on the statement of income as other comprehensive income. an adiustment to interest expense. operating revenues (expenses). incomes and gains (other expenses and losses). Under IFRS, which of the following statements is correct? Trading investments are debt and equity securities that are reported on the statement of financial position at their fair value. Debtimestments that management plans to hold until maturity are reported at their amortized cost. Equity securities that are purchased to have significant influence are classified as long-term investments. All of the statements are correct