Under IFRS, a Company

question 1

Multiple Choice

Under IFRS, a company

• A)Should evaluate every investment for impairment.
• B)Accounts for an impairment as an unrealized loss, and includes it as a part of other comprehensive income and as a component of other accumulated comprehensive income until realized.
• C)Calculates the impairment loss on debt investments as the difference between the carrying amount plus accrued interest and the expected future cash flows discounted at the investment's historical effective-interest rate.
• D)All of the choices are correct.

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