Which an entity shall classify or measure initially measure

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Problem 1: Under PFRS 9, an entity shall classify or measure initially measure financial liabilities at fair value through profit or loss at

a. Fair value minus transaction cost

b. Fair value

c. Amortized cost using effective interest method

d. Fair value plus transaction cost

Problem 2: PFRS 9 provides that financial asset at fair value through profit or loss is measured subsequently at

a. Fair value plus transaction cost

b. Fair value

c. Amortized cost

d. Present value

Reference no: EM132772421

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