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Late in 2008, the International Accounting Standards Board Allowed Firms

Question 10

Multiple Choice

Late in 2008, the International Accounting Standards Board allowed firms to:


A) Reclassify devaluated financial assets delaying recognition of losses
B) Estimate the value of the portfolio if there is no ready market for a derivative portfolio
C) Reduce their capital requirements
D) Accelerate the recognition of losses through mark-to-market accounting
E) None of the above

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