IFRS allows the use of either the effective interest method or the straight-line method to measure a liability at amortized cost.
BT: Knowledge

Name: IFRS allows the use of either the effective interest method or the straight-line method to measure a liability at amortized cost. BT: Knowledge
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

IFRS requires the use of the effective interest method to measure a liability at amortized cost, not the straight-line method.

IFRS Allows the Use of Either the Effective Interest Method