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1.The fair value option allows an entity to a.Record income when the fair value of investment increases b.Measure debt investments at fair value in some

1.The fair value option allows an entity to

a.Record income when the fair value of investment increases

b.Measure debt investments at fair value in some years but not other years

c.Report most financial instruments at fair value by recording gains and losses as a separate component of shareholders' equity

d.All of these are true of the fair value option

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