According to IFRS 9 which of the following statements pertaining to a forward contract is true? Multiple Choice A forward contract is valued using spot rates throughout its life with any gains or losses to be deferred and amortized as they occur A forward contract is valued at fair value throughout its life with any gains or losses to be deferred and amortized as they occur. A forward contract is valued using spot rates throughout its life with any gains or losses to be taken into income as they occur A forward contract is temeasured at fair value throughout its life with any gains or losses reflected in net income as they occur