Financial Instruments (Financial Liability)

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August 6, 2018 at 9:03 pm #466497
gangsta1
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Sir, a financial liability that is classified & accounted for as FVTPL, if there are transaction costs, should the initial measurement of the liability be net of these costs or not?
August 7, 2018 at 7:34 pm #466644
P2-D2
Keymaster
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Hi,

They are treated the same as for financial assets in that the transaction costs are expensed through profit or loss.

Thanks
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