Question
Which of the following is not a basic principal regarding the accounting for derivatives? A.They should be recognized in financial statements when the entity becomes
Which of the following is not a basic principal regarding the accounting for derivatives?
A.They should be recognized in financial statements when the entity becomes party to the contract.
B.Fair value is the most relevant measure.
C.Gains and losses should always be booked through net income.
D.Gains and losses should be booked through either net income or other comprehensive income.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
