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Election of the fair value option (FVO) for financial assets Group of answer choices A. Permits only for-profit entities to measure eligible items at fair
Election of the fair value option (FVO) for financial assets
Group of answer choices
A. Permits only for-profit entities to measure eligible items at fair value.
B. Requires deferral of related upfront costs.
C. Results in recognition of unrealized gains and losses in other comprehensive income of a business entity.
D. Results in recognition of unrealized gains and losses in net income of a business entity.
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