Which is not a proper classification of investments

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Problem 1: Which of the following is not a proper classification of investments?

a. Investment in debt securities classified as financial asset at fair value through profit or loss

b. Investment in equity securities classified as financial asset fair value through other comprehensive income

c. Investment in equity securities classified as financial asset amortized cost

d. Investment in debt securities classified as financial asset at fair value through other comprehensive income

Problem 2: Unrealized holding gain or loss on changes in fair value of investment in debt securities classified as financial asset at fair value through other comprehensive income shall be presented in

a. Profit or loss

b. Other comprehensive income with reclassification to profit or loss

c. Other comprehensive income without reclassification to profit or loss

d. Retained earnings

Reference no: EM132772424

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