HI guys,
could someone help with explaining this.
This seems wrong to me, Cathay is classified as FVOCI why would we amortize it?
HI guys,
could someone help with explaining this.
This seems wrong to me, Cathay is classified as FVOCI why would we amortize it?
Occasionally, a company will amortize the initial premium or discount on a bond even when that bond is classified as FVPL or FVOCI. Why? I don’t know. I know only that they do it.