XY purchased $100,000 of quoted 8% bonds in the current year which it intends to...

Vendor: CIMA
Product: F2
Update on: Jul 29, 2025
Questions: 268

CIMA F2 Question Answer

XY purchased $100,000 of quoted 8% bonds in the current year which it intends to hold until redemption.

Which of the following identifies the correct classification and subsequent measurement basis for this financial instrument?

A loans and receivables financial asset subsequently measured at fair value with gains and losses in reserves.

A held to maturity financial asset subsequently measured at amortised cost.

A loans and receivables financial asset subsequently measured at amortised cost.

A held to maturity financial asset subsequently measured at fair value with gains and losses in reserves.

CIMA F2 Summary

Price: $52.5 ~~$149.99~~