Interest, dividends, losses and gains that relate to a financial instrument classified as liability are recognized in profit or loss.

Question

Quizplus · Accepted Answer

Interest, dividends, losses, and gains related to a financial instrument classified as a liability are indeed recognized in profit or loss, as they are considered to be part of the financial performance of the entity during the period in which they occur.

Interest, Dividends, Losses and Gains That Relate to a Financial