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If the fair value is lower than the carrying value of a trading investment, the investment is written down to fair value only if the

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If the fair value is lower than the carrying value of a trading investment, the investment is written down to fair value only if the decline is permanent and not temporary. Select one: True False Under IFRS, investments in debt and equity investments for the purpose of selling at a gain are reported at fair value at the balance sheet date and any resulting gain or loss from the fair value adjustment is reported on the income statement. Select one: True False

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