Which of the following statement(s) is/are correct in regards to assets backing general insurance liabilities?
A) Financial assets are required to be recognised at fair value through profit and loss.
B) Property, plant and equipment shall be measured using either the cost model or the valuation model.
C) Investment properties shall be measured using the fair value model.
D) Financial assets are required to be recognised at fair value through profit and loss and property, plant and equipment shall be measured using either the cost model or the valuation model.
E) Financial assets are required to be recognised at fair value through profit and loss and investment properties shall be measured using the fair value model.
Correct Answer:
Verified
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