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EMPTY OUTLINES
Instruction: Supply the missing portions of the outline. (15 items x 2 points)
A is any securities issued by a company (usually publicly listed) and sold to investor, with an
expectation to gain a future return. It has a maturity date and maturity value.
A financial asset shall be measured at amortized cost if both of the following conditions are met:
a. the financial asset is held within a _ whose objective is to
_ ; and
b. the contractual terms of the financial assets give rise on specified dates to cash flows that are
_ on the principal amount outstanding.
A financial asset shall be measured at fair value through other comprehensive income if both of the
following conditions are met:
a. the financial asset is held within a business model whose objective is achieved by both
and _ ; and
b. the contractual terms of the financial asset give rise on specified dates to cash flows that are
_ on the _ outstanding.
A financial asset shall be measured at fair value through profit or loss if both of the following conditions are
met:
a. If the financial instrument is a _ ; and
b. If the company designates the financial asset at _ _ .
07 Quiz 1
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