Investment in Debt Securities Flashcards
1
Q
What is the measurement of Amortized Cost to FVTPL?
A
Fair Value at Reclass
Difference between Fair Value and Amortized Cost is in P/L
2
Q
What is the measurement of FVTPL to Amortized Cost?
A
Fair Value at reclassification date becomes the new gross carrying amount.
3
Q
What is the measurement of Amortized Cost to FVTOCI?
A
Fair Value at Reclass
Difference between Amortized Cost and FVTOCI is in OCI
4
Q
A