Question
In response to the credit crisis the IASB changed the rules to allow entities to choose to reclassify some financial instruments from a fair value
In response to the credit crisis the IASB changed the rules to allow entities to choose to reclassify some financial instruments from a fair value measurement basis to a cost basis. Under what circumstances is this reclassification allowed?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
