According to chegg policy, three questions are answered in a question. Please answer the questions

7. If a derivative is not designated as a hedge: * (2 Points) o the change in market value must be recognized in net income when it changes. the change in fair value must be recognized in net income when it changes. the change in market value is not recognized in net income. the change in fair value is not recognized in net income. 1. Under IAS 32, which of the following is a financial asset? * (2 Points) Investment in equity instruments accounted for under the equity method Loans to other entities Investment in special-purpose entities O A 30% investment in a subsidiary 2. Under IAS 32, how should an equity instrument be classified? * (2 Points) O It must always be classified as equity by its very nature. The entity has the option of classifying it as a liability or equity. If it contains a contractual obligation that meets the definition of a financial liability, it should be classified as a liability The entity should apportion the classification between liability and equity if there is a contractual obligation that meets the definition of a financial liability