Q2 The chief executive officer (CEO) of Galita Bhd. (Galita) is interested to diversify the company's investment portfolio to cryptocurrencies (or crypto) such as Bitcoin, Litecoin and Ethereum, some of the most popular digital currencies in recent times that are designed to work as mediums of exchange. The CEO of Galita would like to seek your advice as to whether the company should account for such an investment in cryptocurrencies as either: 1. Cash and cash equivalent in accordance with IAS 7 / MFRS 107 Statement of cash flows, or 2. A financial asset in accordance with IAS 32 / MFRS 132 Financial Instruments: Presentation; or 3. An intangible asset in accordance with IAS 38 / MFRS 138 Intangible assets. Required: Advise the CEO of Galita Bhd. on how an investment in cryptocurrencies should be accounted for in accordance with the most appropriate International Financial Reporting Standards