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.

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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