Question

How are non-current investments classified?

a.

Only as trade investments.

b.

Only as other investments.

c.

As trade investments and other investments, further classified into specified categories.

d.

As investment property and investments in government or trust securities.

Posted under IC 89 Management Accounting

Answer: (c).As trade investments and other investments, further classified into specified categories. Explanation:Non-current investments are classified as trade investments and other investments, further classified into specified categories such as investment property, investments in equity instruments, investments in preference shares, and more.

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Q. How are non-current investments classified?
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