According to AASB 13 Fair Value Measurement,an Entity Holding Both

Multiple Choice

According to AASB 13 Fair Value Measurement,an entity holding both financial assets and liabilities is allowed to offset and determine fair value on the net position as long as:
I they hold a net long position.
II they hold a net short position.
III they have a documented risk management strategy.
IV they manage the group of net financial assets and liabilities on a net exposure basis.
V transactions are conducted in an orderly market.

A) I and III
B) II and IV
C) III and IV
D) II and V