Economics · International Financial Reporting Standards
An investment in a debt security measured at amortised cost must satisfy which IFRS 9 test?
- 1Fair value changes recognised in profit or loss
- 2Equity instrument irrevocably designated FVOCI
- 3Cash flows = solely payments of principal and interest (SPPI) and held to collect✓
- 4Business model = trading for resale
Correct answer
Cash flows = solely payments of principal and interest (SPPI) and held to collect
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