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An instrument only qualifies as an 'income instrument' as defined, when, for a natural person,...

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Accounting

An instrument only qualifies as an 'income instrument' as defined, when, for a natural person, all of the following are met (select ALL applicable options):
Interest is calculated at a constant interest rate and not a variable interest rate
The instrument was issued or acquired at a discount or premium, or bears deferred interest
The term of the instrument will exceed one year
Any 'instrument' as defined

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