Multiple Choice
Which of the following statements is correct about accounting for financial liabilities?
A) Financial liabilities can only be accounted for using amortized cost.
B) Financial liabilities can only be accounted for using fair value though profit and loss.
C) Financial liabilities can be accounted for using historical cost.
D) Financial liabilities can be accounted for using amortized cost or fair value.
Correct Answer:
Verified
Correct Answer:
Verified
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