Question: Which is a true statement regarding the fundamental requirement of accounting for derivatives? a. Derivatives are reported on the balance sheet only as an asset.

Which is a true statement regarding the fundamental requirement of accounting for derivatives?

a. Derivatives are reported on the balance sheet only as an asset.

b. Derivatives are reported on the balance sheet only as a liability.

c. Changes in derivative cost basis are recorded in the asset value.

d. Changes in derivative fair value are included in comprehensive income.

e. Changes in derivative cost basis are recorded in the liability value.

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