You have a peer reviewed assignment in Intermediate Accounting where each student is required to review and comment on each other's assignment. You are reviewing Isa's paper. He wrote the following IASB requires companies to classify some assets into two measurement categories amortized cost and fair value, depending on the circumstances. Investment in the bonds of other entities are assets whose measurement is based on criteria specified by IFRS f the debt investments meet the criteria they are measured and reported at amortized cost, while debt investments that do not meet the criteria are measured and reported at fair value Required 1. Identify which type of assets should be classified and measured under these two categories mentioned above ? Specify the IFRS criteria mentioned by Isa