Question 14 TOPIC 6 - FINANCIAL INSTRUMENTS Not yet Which of the following is correct in relation to the treatment of transaction costs? answered Marked out of 2.00 Financial assets Financial liabilities Flag question Fair value Amortised Fair value through Fair value through cost profit or loss through OCI profit or loss Amortised cost Added to cost of asset on initial recognition Expensed Added to cost of asset on initial recognition Expensed Deducted from liability on initial recognition B Expensed Added to cost of asset on initial recognition Expensed Deducted from liability on initial recognition Expensed Deducted from cost of asset on initial recognition Expensed Deducted from cost of asset on initial recognition Expensed Added to liability on initial recognition Added to Deducted from cost liabilituan Deducted from cost of Deducted from cost of asset on initial recognition Expensed Expensed asset on initial recognition Added to liability on initial recognition D Expensed Deducted from cost of asset on initial recognition Expensed Added to liability on initial recognition Expensed E Added to cost of asset on initial recognition Expensed Deducted Deducted from cost of from liability asset on on initial initial recognition recognition Expensed SELECT ONE CORRECT RESPONSE Select one: O a. A O b. B O c. C O d. D O e. E