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ABC Corporation purchased ordinary shares of XYZ Company. ABC does not intend to hold the shares for trading purposes and the shares are not

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ABC Corporation purchased ordinary shares of XYZ Company. ABC does not intend to hold the shares for trading purposes and the shares are not enough for ABC to exercise significant influence over XYZ. Can ABC designate the shares as (A) at fair value through profit or loss or (8) at fair value through other comprehensive income? b. d. At FV through Profit or Loss Yes Yes No No At FV through OCI No No

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