Question: When a financial liability is initially recognised, it is measured at its fair value in accordance with paragraph 5.1.1 of NZ IFRS 9. If the

When a financial liability is initially recognised, it is measured at its fair value in accordance with paragraph 5.1.1 of NZ IFRS 9. If the financial liability is not to be subsequently measured at fair value through profit or loss, any transaction costs directly attributable to the issue of the financial liability are deducted from the amount of the financial liability.

False

True

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