1 If the entity's business model's objective is to hold assets in order to collect contractual cash flows and cash flows are solely payments of principal and interest on the principal amount outstanding, the financial asset is classified*

A. according to management's intention of holding the securities.

B. as financial asset measured at amortized cost.

C. as financial asset measured at fair value through other comprehensive income.

D. any of these

2 According to PFRS 9, it is the amount at which a financial asset or a financial liability is measured at initial recognition minus principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets adjusted for any loss allowance.*

A. cost

B. carrying amount

C. amortized cost

D. fair value

3 Which of the following is measured at fair value with fair value changes recognized in profit or loss?*

A. Held to maturity investments

B. Financial assets designated at FVPL

C. FVOCI

D. All of these