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Hi,
For equity instrument investment to qualify as Long-term and go through OCI is there time span it needs to comply with?
Also any particular part of the standard i can refer to that would cove this?
Regards
Shah
No time span.
Just an irrevocable election.
No need to refer to standard in exam; just state rule. You can find paragraph references in this guide:
https://www.iasplus.com/en/standards/ifrs/ifrs9
🙂
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