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Which of the following is true regarding the classification of financial asset? Multiple Choice Impairment is not necessary if the asset is classified as FVTOCI

Which of the following is true regarding the classification of financial asset?

Multiple Choice

Impairment is not necessary if the asset is classified as FVTOCI

Cryptocurrency is an example of financial asset

If the objective is to eventually sell the asset but there is also contractual cash flow, FVTOCI is appropriate

The subsequent measurement of financial assets is the same under both ASPE and IFRS

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