alleryStart learning →What does the fair value option allow for an amortized cost asset?
AMeasure it at cost less loss
BDefer all fair value gains
CReport it directly in equity
DUse FVPL measurement instead
Answer & Solution
Correct answer: D. Use FVPL measurement instead
The option lets an entity choose FVPL for an item that would otherwise be at amortized cost or FVOCI.
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