Under IFRS 9, the cumulative balance of equity as a result of measuring equity investments at fair

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Under IFRS 9, the cumulative balance of equity as a result of measuring equity investments at fair value through other comprehensive income

a. Shall be reversed to profit or loss at the date the security is sold.

b. Shall be reversed to profit or loss when there is objective evidence of impairment.

c. Shall not be reversed to profit or loss but may be transferred to another equity account.

d. Shall not be reversed to profit or loss and shall not be transferred to another equity account.

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Jun 20, 2022 10:27 PM

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Under IFRS 9, the cumulative balance of equity as a result of measuring equity investments at fair

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d Shall not be reversed to profit or loss and shall not be transfer... View the full answer

Intermediate accounting

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