Which of the following category of financial assets is measured at fair value through profit or loss?Answer :Equity instruments held for trading  Debt instruments held for interest and principal    Invesment in debt instruments that met the business model and contractual  cash flow tests   Receivables

Which of the following category of financial liabilities is measured at fair value to profit or loss?Answer :Financial liability held for trading  Hybrid financial liability   Non-derivative financial liability  None of the above

A financial instrument is any contract that gives rise toGroup of answer choicesA financial assetA financial liabilityA financial asset of one entity and financial liability of another entityA financial asset of one entity and financial liability or equity instrument of another entity

As an exception to the general definition of a _____________, an instrument that meets the definition of a financial liability is nevertheless classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A and 16B.

The fair value of an equity instrument is based on determining a/an_________ price which may relate to the price paid for an entity to repurchase its shares.*1 pointexittransfersettlemententry

In measuring an equity instrument at fair value the objective is to estimate an exit price at             measurement date from the perspective of: *1 pointthe party who intends to repurchase the instrument.a market participant who holds the instrument as an asset.the party to whom the instrument will be transferredthe issuer of the equity instrument