* An entity reclassifies debt securities from FVOCI to Amortized cost. On reclassification date, the amount debited to the asset's new classification is equal to the asset's a. original acquisition cost. b. fair value on reclassification date. C. amortized cost as at the reclassification date. d. fair value on acquisition date.

* An entity reclassifies debt securities from FVOCI to Amortized cost. On reclassification date, the amount debited to the asset's new classification is equal to the asset's a. original acquisition cost. b. fair value on reclassification date. C. amortized cost as at the reclassification date. d. fair value on acquisition date.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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All of the following situations will arise to actual disposition except ______________. Question 1 options: a) Purchase of debt or shares b) Sale of asset or property c) Redemption of shares d) Cancellation of debt securities
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