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17. Statement I: Investment in ordinary shares can be classified as financial assets measured at amortized cost. Statement II: ABC Co. changes its business model
17. Statement I: Investment in ordinary shares can be classified as financial assets measured at amortized cost. Statement II: ABC Co. changes its business model for managing financial assets during the period. Any reclassification entry is also made on the date the business model was changed
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Core Concepts Of Accounting Information Systems
Authors: Mark G. Simkin, Carolyn A. Strand Norman, Scott Paquette
1st Canadian Edition
1118738101, 978-1118738108
