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Accounting
🟡 Medium
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What is the SPPI test under IFRS 9?
A.
A test for whether a financial instrument is listed on a recognised exchange
B.
A test checking whether contractual cash flows represent Solely Payments of Principal and Interest — required for Amortised Cost or FVOCI classification
C.
A test for whether fair value can be reliably measured
D.
A solvency test applied to the issuer of the financial instrument