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Question 9 (1 point) Under the ECL approach used in IFRS, impairments are only recognized for losses that occur more than a year in the

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Question 9 (1 point) Under the ECL approach used in IFRS, impairments are only recognized for losses that occur more than a year in the future when a receivable has deteriorated in credit quality True False Question 10 (1 point) Saved Cash that is restricted and not available for current operations is reported in the balance sheet as: Equity Investments. Liabilities A separate section between liabilities and equity

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