Question: Although the effective interest method is required under IFRS per IFRS 9.5.4.1, accounting standards foenterprises do not specify that this method must be used and

Although the effective interest method is required under IFRS per IFRS 9.5.4.1, accounting standards foenterprises do not specify that this method must be used and therefore, the straight-line method is alsstraight-line method is valued for its simplicity and might be used by companies whose financial statemconstrained by this specific element of GAAP.

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