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Current US GAAP requires the following accounting for financial derivatives a. Reported at fair value each statement date with unrealized gains or losses reflected on
Current US GAAP requires the following accounting for financial derivatives
a. | Reported at fair value each statement date with unrealized gains or losses reflected on the Income Statement. | |
b. | Reported at historical cost. | |
c. | recorded only when there is a loss but not recorded when there is a gain. | |
d. | Reported at fair value each statement date with unrealized gains or losses NOT reflected on the Income Statement. |
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