For companies reporting under IFRS, debt instruments purchased to trade are reported on the balance sheet at
A) amortized cost.
B) cost.
C) fair value.
D) lower of cost and market.

Question

Quizplus · Accepted Answer

Debt instruments that are purchased for the purpose of trading are reported at fair value on the balance sheet under IFRS. This reflects their current market value and the intention to sell them in the short term.

For Companies Reporting Under IFRS, Debt Instruments Purchased to Trade