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University of South Alabama - ACCOUNTING ACC 557 1)Which of the following is not correct regarding held for trading securities? They are held to be sold in a short period of time

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University of South Alabama - ACCOUNTING ACC 557

1)Which of the following is not correct regarding held for trading securities?

1. 1. They are held to be sold in a short period of time.
   2. Unrealized holding gains and losses are reported as part of profit or loss.

c.             Any discount or premium is not amortized.

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2. Exploration and evaluation assets are exploration and evaluation expenditures recognized as

 a.           assets in accordance with the entity’s accounting policy.

2. expenses in accordance with applicable PFRSs.
3. assets in accordance with (a) above, subject to the limitations provided under PAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
4. any of these