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

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 one of the following markets is the most advantageous market identified for measuring the fair value of a liability? A. A market in which maximized amount is received from the corresponding asset of the liability. B. A market in which minimized amount is paid to transfer the liability. C. A market in which maximized amount is received from the liability. D. A market with the greatest volume and level of activity for trading the liability.

Liabilities, such as loan finance, on the other hand, are remunerated by interest, which is charged to profit or loss as an expense.Select one:TrueFalse

Fill in the Blank QuestionFill in the blank question. liability means that the owners of the business are responsible for its losses only up to the amount they invest.

Liabilities are classified on the statement of financial position as current or: Group of answer choices non-current. deferred. accrued. unearned.