AASB 9 Requires Subsequent Measurement of a Financial Asset at Amortised

question 8

Multiple Choice

AASB 9 requires subsequent measurement of a financial asset at amortised cost when two tests have been satisfied. Those two tests are:

• A) fair value test; impairment test
• B) fair value test; business model test
• C) fair value test; cash flows characteristics test
• D) business model test; cash flows characteristics test