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Changes in an asset or liabilitys fair value may be recorded A. in other comprehensive income (OCI) only. B. on the income statement only. C.

Changes in an asset or liabilitys fair value may be recorded

A.

in other comprehensive income (OCI) only.

B.

on the income statement only.

C.

in income or OCI, depending on the asset or liability.

D.

neither in income nor in OCI.

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