The standards relating to the treatment of interest and dividend income difter under ASPE and IFRS. Which of the following statements is incorrect? A) IFRS requires certain dividends to be recognized in other comprehensive income. B) IFRS requires the use of the effective-interest method when interest income is to be reported separately. C) When using the equity method, IFRS allows a dividend from an investee to be recorded as income, while ASPE does not. D) ASPE allows the use of either the straight-line or effective-interest metho Under IFRS, which of the following is not a condition for an investment to be classified as current? O A) It is a cash equivalent. B) It is held primarily for trading purposes. C) It must be expected to be sold or realized within 12 months from the statement of financial position date. D) It must be accounted for under the cost model. Application of the cost model to the investment one company makes in another entity's shares is straightforward and includes all of the following except OA) recognize the cost of the investment at the fair value of shares acquired. B) when the shares are disposed of, derecognize them and report a gain or loss on disposal in net income. C) recognize dividend income when the entity has a claim to the dividend. D) unless impaired, report the investment at its fair value at each balance shee date. Realized gains and losses on investment disposals are recognized in net income for all investment instruments except those classified as A) FV-OCI with recycling. B) FV-OCI without recycling. C) cost/amortized cost. OD) FV-NI