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Home Q & A Board Other Fields Homework Help Business Accounting
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Ruweyda97 Ruweyda97
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6 years ago
Which of the following statements is correct about the fair value option under IFRS?
A) The fair value method increases volatility in retained earnings.
B) Using the fair value method promotes mismatches because assets and liabilities are measured under different bases.
C) IFRS does not allow fair value reporting for investments under the equity method.
D) IFRS allows a company to revoke the fair value option at any time.
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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katiemcclain1katiemcclain1
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6 years ago
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Ruweyda97 Author
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6 years ago
Correct Slight Smile TY
mikey3091
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This site is awesome
mambah4
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2 hours ago
Good timing, thanks!
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