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What the financial asset is classified

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Problem 1: If the entity's business model's objective is to hold asset 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. Any of these

b. As financial asset measured at amortized cost

c. As financial asset measured at fair value through other comprehensive income

d. According to management's intention of holding the securities

Reference no: EM132766744

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