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Financial asset is measured at “fair value through OCI”
Entity purchased debt instruments for $1000 on 1 January 20X1. At 31 dec 20X1 bond have carrying value of $1000 and fair value of $1050.
Suppose expected credit loss is 12 month expected credit loss and is $30
How should i treat it in the financial statements ( please give me explaination and journal entry for this transaction )
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