CA

Question 1

Measurement

Answer 1

Cash - FV or (hist cost +/- amort)
Mrkt sec - FV
AR - net real val
Inventory - IFRS min(cost, Net Real Val)
Us gaap min(cost, FV)

Fin asst 1) held to maturity - cost - amort

2) held for trading - FV IS (its a debt)
3) available for sale - FV OCI (its an equity)