Question
Financial Assets at Amortized Cost - Certain financial assets, such as
loans and receivables, are measured at amortized cost. Amortized cost
is the amount at which the financial asset is measured at initial
recognition, minus principal repayments, plus or minus the cumulative
amortization using the effective interest method.
loans and receivables, are measured at amortized cost. Amortized cost
is the amount at which the financial asset is measured at initial
recognition, minus principal repayments, plus or minus the cumulative
amortization using the effective interest method.
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