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    Business
  3. Study Set
    International Financial Reporting Standards
  4. Exam
    Exam 12: Financial Instrumentsrecognition and Measurement
  5. Question
    On Initial Recognition, Financial Assets or Liabilities Are Measured at Cost
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On Initial Recognition, Financial Assets or Liabilities Are Measured at Cost

Question 1

Question 1

True/False

On initial recognition, financial assets or liabilities are measured at cost.

Correct Answer:

verifed

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