Which is not a category of financial assets

Assignment Help Accounting Basics

Reference no: EM132816351

Problem 1: A debt instrument is measured at amortized cost

A. By irrevocable election

B. When debt investment is managed and evaluated on a document risk-management strategy.

C. When debt investment is held for trading.

D. When the business model is to collect contractual cash flows that are solely payments of principal and interest.

Problem 2: Which is not a category of financial assets?

A. Financial assets at fair value through profit or loss

B. Financial assets at fair value through other comprehensive income

C. Financial assets at amortized cost

D. Financial assets held for sale

Reference no: EM132816351

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