Which financial asset classification best describes the business model that includes acquiring portfolio investments with the intent to trade them for a profit?
A)Associate.
B)Amortized cost.
C)At fair value through other comprehensive income.
D)At fair value through profit or loss.

Question

Quizplus · Accepted Answer

Acquiring portfolio investments with the intent to trade them for a profit is considered a trading business model. Financial assets held in this manner would be classified as "at fair value through profit or loss."

Which Financial Asset Classification Best Describes the Business Model That