Definition of an investment entity as per ifrs

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Problem 1: Which of the following is not included in the definition of an investment entity as per IFRS 10 Consolidated Financial Statements?

Select one:

Option 1: Obtains funds from one or more investors for the purpose of providing those investors with investment management services

Option 2: Commits to its investors that its business purpose is to invest funds solely for returns from capital appreciation or investment income

Option 3: Measures and evaluates the performance of substantially all of its investments on a cost basis

Option 4: Measures and evaluates the performance of substantially all of its investments on a fair value basis

Reference no: EM132736578

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