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In which set of accounting standards is the effective interest method mandatory (subject to materiality) for recognizing interest income and for amortizing discounts and premiums?

In which set of accounting standards is the effective interest method mandatory (subject to materiality) for recognizing interest income and for amortizing discounts and premiums? O IFRS only O ASPE only Both IFRS and ASPE O Neither IFRS nor ASPE

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