Which statement is not correct?
A)At fair value through profit or loss investments are carried at fair value.
B)At fair value through OCI investments are carried at fair value.
C)Amortized cost investments are carried at fair value.
D)Investments in equity instruments cannot be classified at fair value through OCI.

Question

Quizplus · Accepted Answer

Amortized cost investments are not carried at fair value. They are initially recognized at fair value and then held at their amortized cost, using the effective interest method.

Which Statement Is Not Correct