Under IFRS 9, the cumulative balance of equity as a result of measuring the equity investment at fair value through other comprehensive income * O shall not be reversed to profit or loss and shall not be transferred to another equity account. O shall be reversed to profit of loss at the date the security is sold. O shall be reversed to profit or loss when there is an objective evidence of impairment. shall be not reversed to profit or loss but may be transferred to another equity account.
Under IFRS 9, the cumulative balance of equity as a result of measuring the equity investment at fair value through other comprehensive income * O shall not be reversed to profit or loss and shall not be transferred to another equity account. O shall be reversed to profit of loss at the date the security is sold. O shall be reversed to profit or loss when there is an objective evidence of impairment. shall be not reversed to profit or loss but may be transferred to another equity account.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Under IFRS 9, the cumulative balance of equity as a result of measuring the equity investment
at fair value through other comprehensive income * G
shall not be reversed to profit or loss and shall not be transferred to another equity account.
shall be reversed to profit of loss at the date the security is sold.
shall be reversed to profit or loss when there is an objective evidence of impairment.
shall be not reversed to profit or loss but may be transferred to another equity account.
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