Answer-first summary for fast verification
Answer: debt instruments only.
Under IFRS, reclassification between measurement categories is only permitted for **debt instruments**. Equity instruments designated as FVPL cannot be reclassified to FVOCI. The IFRS 9 standard allows reclassification of debt instruments when there is a change in the business model for managing financial assets. However, equity instruments measured at FVPL cannot be subsequently reclassified to FVOCI, even if the business model changes.
Author: LeetQuiz Editorial Team
Ultimate access to all questions.
A
debt instruments only.
B
equity instruments only.
C
both debt instruments and equity instruments.
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