How the financial asset is classified

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Problem 1: If the entity's business model's objective is to hold assets in order to collect contractual cash flows and cash flows are solely payments of principal and interest on the principal amount outstanding, the financial asset is classified

A. according to management's intention of holding the securities.

B. as financial asset measured at amortized cost.

C. as financial asset measured at fair value through other comprehensive income.

D. any of these

Reference no: EM132744430

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