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Which of the following best describes the impact of derivative instruments on financial statements and risk management strategies under Accounting Standards Codification ( ASC 8
"Which of the following best describes the impact of derivative instruments on financial statements and risk management strategies under Accounting Standards Codification ASC IFRS
A Derivatives have no impact on financial statements but aid in risk management strategies.
B Derivatives are reported at fair value on financial statements and can mitigate or amplify financial risks.
C Derivatives are solely disclosed in footnotes of financial statements and have minimal impact on risk management.
D Derivatives are accounted for using historical cost method, influencing risk management decisions."
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