Final answer:
Passive investments under Amortized Cost in IFRS are reported at historical cost, adjusted for impairment and amortization. They are not measured at FVTOCI or FVTPL, nor at market value.
Step-by-step explanation:
Passive investments measured under Amortized Cost in IFRS accounting are typically reported at their historical cost, adjusted for any impairment, and reduced by any amortization of premiums or discounts. They are not measured at Fair Value through Other Comprehensive Income (FVTOCI) or Fair Value through Profit or Loss (FVTPL), nor are they typically reported at market value. The option to measure a financial asset at amortized cost applies to financial assets that are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.