Hi Mike,
As per lecture note, pg 145,
debt assets
• initial measurement is at fair value and includes transaction costs
• the only exception to this transaction cost inclusion rule is if the investment is not classed as at “fair value through profit and loss” (FVTPL)
What exactly is FVTPL?
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Financial Insutruments
9y ago#1Gains and losses are accounted for through the statement of profit or loss as distinct from the statement of comprehensive income
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