10. The FASB required that forward contracts: a. Be recognized as assets or liabilities, as appropriate. b....
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10. The FASB required that forward contracts:
a. Be recognized as assets or liabilities, as appropriate.
b. Be valued at fair value.
c. Be valued at their notional amount.
d. Be treated in the manner described in both a and b.
e. Be treated in the manner described in both a and c.
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