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QUESTIONS 0.5 points AASB 9 paragraphs 5.7.7 and 5.7.8 require that gains or losses on financial liabilities designated at fair value through profit or loss

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QUESTIONS 0.5 points AASB 9 paragraphs 5.7.7 and 5.7.8 require that gains or losses on financial liabilities designated at fair value through profit or loss are to be split into the amount of the change in fair value that relates to changes in the credit risk of the liability, which shall be presented in and the remaining amount of the change in fair value of the liability shall be presented in O other comprehensive income: profit or loss O profit or loss; other comprehensive income O liabilities: profit or loss O liabilities: other comprehensive income QUESTION 6 0.5 point The principles in AASB 7 complement the principles for recognising, measuring and presenting financial assets and financial liabilities in AASB 132 Financial Instruments: Presentation and AASB 9 Financial instruments True False

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