Which of the following journal entries correctly reflect settlement date accounting? Select one: a. DR Financial asset (to be delivered) CR Liability for acquisition of financial asset O b. DR Debtor (to deliver the financial asset) CR Liability for acquisition of financial asset C. DR Liability for acquisition of financial asset CR Bank O d. DR Financial asset (delivered) CR Bank Which of the following statements is NOT correct? (i) For an asset to be classified as a financial asset, cash or a right to receive cash or another financial asset should exist (ii) Cash constitutes a financial asset on its own. (iii) Any asset that can be interchanged for cash or cash equivalent should be classified as a financial asset even if there is no contractual right to receive cash or another financial asset. (iv) There is need for there to be a written and signed contract between buyer of the financial asset and the seller. Select one or more: a. (ii) only b. (i), (ii), (iii) and (iv) c. (i), (ii) and (iii) only d. (iii) and (iv) only