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Hello Tutor,
Can you please help me with this statement.
In Fair value through profit and loss category, it’s said, ”A designation can be made to use this
category in order to reduce an accounting mismatch”. What type of mismatch are they talking about here?Thanks.
Borrow money to buy investment property.
Investment property is normally valued at FV with gains/losses in P&L.
So it makes sense to value the liability in the same way.
🙂
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