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Determine what is treatment of direct origination cost incur

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Reference no: EM132778491

Problem 1: Initially, loans and receivables are measured at

A. fair value

B. maturity value

C. fair value plus transaction costs that are directly attributable to the acquisition

D. maturity value plus transaction costs that are directly attributable to the acquisition

Problem 2: What is the treatment of direct origination costs incurred in connection with loans receivables?

A. charged directly to retained earnings

B. included in profit or loss

C. part of the initial carrying amount of loan receivable and amortized using the effective interest method

D. part of the initial carrying amount of loan receivable and amortized using the straight line method

Reference no: EM132778491

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