Question: A financial liability must be reported at fair value at every report date. True False white Other comprehensive income (OCI) is a component of shareholders'

of shareholders' equity under ASPE True False The effective interest method is

A financial liability must be reported at fair value at every report date. True False white Other comprehensive income (OCI) is a component of shareholders' equity under ASPE True False The effective interest method is normally used to compute the lessor's internal rate of return related to a finance lease. True False

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