Question

How are loans typically measured?

a.

Loans are measured at fair value

b.

Loans are measured at market value

c.

Loans are measured at historical cost

d.

Loans are measured at present value

Posted under IC 14 Regulations of Insurance Business

Answer: (c).Loans are measured at historical cost Explanation:Loans are typically measured at historical cost according to insurance accounting procedures.

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Q. How are loans typically measured?
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