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The standard setters identify three approaches to accounting for the impairment of financial asset investments: an incurred loss model, an expected loss model, and a
The standard setters identify three approaches to accounting for the impairment of financial asset investments: an incurred loss model, an expected loss model, and a fair value model. Identify which models are required to be used by enterprises applying (a) ASPE, and (b) IFRS.
1) ASPE: ?
2) IFRS:?
Options:
1) Fair Value model and expected loss model
2) Fair Value model
3) Incurred loss model and expected loss model
4) Incurred loss model
5) Expected loss model
6) Incurred loss model and fair value model
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