Multiple Choice
Which of the following best describes the accounting treatment for derivative instruments not held for purposes of hedging?
A) Record as an asset or liability and recognize changes in fair value in other comprehensive income.
B) Do not record as an asset or liability; record income from the transaction at maturity and recognize in earnings.
C) Record as an asset or liability; recognize changes in fair value currently in earnings.
D) Record as an asset or liability if off-balance sheet risk is material.
Correct Answer:
Verified
Correct Answer:
Verified
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