Under IFRS, a company may select the fair value option or amortized cost for valuing its receivables at each statement of financial position date.

Question

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Under IFRS, receivables are typically measured at amortized cost unless they are part of a business model that involves selling the assets, in which case they may be measured at fair value through profit or loss. The fair value option is not generally available for receivables.

Under IFRS, a Company May Select the Fair Value Option