True or False 1. if a credit risk has not increased significantly since initial recognition, an entity may recognize a loss allowance equal to 12-month expected credit loss 2. the effect of direct origination cost is a decrease in the effective interest rate of a loan receivable 3. The impairment model under IFRS 9 are applicable to all debt instrument including those that are measured at fair value through profit or loss
True or False
1. if a credit risk has not increased significantly since initial recognition, an entity may recognize a loss allowance equal to 12-month expected credit loss
2. the effect of direct origination cost is a decrease in the effective interest rate of a loan receivable
3. The impairment model under IFRS 9 are applicable to all debt instrument including those that are measured at fair value through profit or loss
4. the impairment model under IFRS 9 are applicable to all debt instruments including those that are measured at fair value through profit or loss
5. The recoverable amount of a credit-impaired financial asset (but not purchased or originated credit impaired or variable rate loan) is computed as the present value of the remaining cash flows from the instrument discounted at the current rate at the reporting date
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