Transaction costs arising from the purchase of amortized cost or FVOCI investments may be capitalized to the investment account or expensed.

Name: Transaction costs arising from the purchase of amortized cost or FVOCI investments may be capitalized to the investment account or expensed.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Transaction costs related to the purchase of amortized cost or FVOCI (Fair Value Through Other Comprehensive Income) investments must be included in the initial measurement of the financial asset, not expensed.

Transaction Costs Arising from the Purchase of Amortized Cost or FVOCI