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When shall an entity subsequently measure or classify

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Reference no: EM132772420

Problem 1: When shall an entity subsequently measure or classify a financial asset at amortized cost?

a. When the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows.

b. When the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

c. Both A and B.

d. Either A nor B.

Problem 2: Under PFRS 9, financial assets at amortized cost shall be generally measured subsequently at

a. Fair value through profit or loss

b. Amortized cost using effective interest method

c. Cost less accumulated impairment

d. Fair value through other comprehensive income

Reference no: EM132772420

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