A company engaged in buying and selling equity securities should consider this asset as inventory and should be accounted for in accordance with IAS 2.

Name: A company engaged in buying and selling equity securities should consider this asset as inventory and should be accounted for in accordance with IAS 2.
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Question

Quizplus · Accepted Answer

Equity securities are typically considered financial instruments and are accounted for under IFRS 9, not IAS 2, which deals with inventories.

A Company Engaged in Buying and Selling Equity Securities Should