For all financial instruments within the scope of PFRS 7, but to which the impairment requirements in PFRS 9 are not applied, an entity shall disclose by class of financial instrument: * The amount that best represents its weighted average exposure to credit risk at the end of the reporting period without taking account of any collateral held or other credit enhancements The amount that best represents its maximum exposure to credit risk at the end of the reporting period taking into account any collateral held or other credit enhancements A description of collateral held as security including other credit enhancements, and their financial effect None of the choices

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For all financial instruments within the scope of PFRS 7, but to which the impairment requirements in PFRS 9 are not applied, an entity shall disclose by class of financial instrument: * The amount that best represents its weighted average exposure to credit risk at the end of the reporting period without taking account of any collateral held or other credit enhancements The amount that best represents its maximum exposure to credit risk at the end of the reporting period taking into account any collateral held or other credit enhancements A description of collateral held as security including other credit enhancements, and their financial effect None of the choices
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