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1. Which of the following items is likely to be classified as an investment measured at amortised cost? a. A debt investment held within the
1. Which of the following items is likely to be classified as an investment measured at amortised cost? | ||
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2. Which of the following is not true about the impairment of financial assets? | ||
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3. Which of the following statements is true regarding the amortized cost and fair value for debt investments measured at amortised cost? | ||
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4. Instrument Corp. has the following equity investments which were held throughout 20102011:
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5. Sycamore, Inc. purchased 100,000 of 8 percent bonds of Alvarado Industries on January 1, 2015, at a discount, paying 92,278. The bonds mature January 1, 2020, and yield 10 percent; interest is payable each July 1 and January 1. Sycamore manages financial assets for the purpose of realizing fair value changes. On December 31, 2015, when the market rate of interest is 12%, and the fair value of the bonds is 89,934, Sycamore will record an unrealized gain/loss of | ||
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