Question - On 1 Mar 2017, Entity A purchased a debt instrument from the market for $105,000, the par value of the instrument was $100,000. At 31 Dec 2017, the fair value of the instrument is $112,000 and the amortised cost has been calculated to be $104,000.
Entity A does not hold this type of asset for contractual cash flows. What is the amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017?
If Entity A holds this type of asset for contractual cash flows until maturity. What is the amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017?
If Entity A holds this type of asset for contractual cash flows until maturity and also for selling it. What is amount should the debt instrument be included in Entity A's Statement of Financial Position as at 31 Dec 2017?