Under IAS 32, which of the following is not a financial asset?
A) Investment in equity instruments accounted for under the equity method
B) Cash
C) A 10% investment in a subsidiary
D) Loans to other entities

Question

Quizplus · Accepted Answer

Investment in equity instruments accounted for under the equity method is not considered a financial asset under IAS 32, as it is accounted for using the equity method rather than being classified as a financial instrument.

Under IAS 32, Which of the Following Is Not a Financial