Which of the following way to classify and measure financial instruments do you favor?  Justify your answer.    IFRS 9: See page 7 of IFRS 9-Project-Summary.pdf.  Then click OK. U.S. GAAP including ASU 2016-01: A summary is on page 3 of Chapter 5 Financial Instruments-3.doc    The first approach proposed by Messrs. Linsmeier and Siegel on pages 182-183 of FASB-ASU No. 2016-01.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter13: Auditing Debt, Equity, And Long-term Liabilities Requiring Management Estimates
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Which of the following way to classify and measure financial instruments do you favor?  Justify your answer.

  1.    IFRS 9: See page 7 of IFRS 9-Project-Summary.pdf.  Then click OK.
  2. U.S. GAAP including ASU 2016-01: A summary is on page 3 of Chapter 5 Financial Instruments-3.doc
  3.    The first approach proposed by Messrs. Linsmeier and Siegel on pages 182-183 of FASB-ASU No. 2016-01.
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