Which Statement Is Correct About Accounting for Financial Instruments

question 14

Multiple Choice

Which statement is correct about accounting for financial instruments?

• A)All financial instruments are accounted for at fair value through profit or loss.
• B)All are accounted for in accordance to their economic substance.
• C)All financial instruments are accounted for at amortized cost.
• D)All financial instruments are accounted for at fair value through OCI.

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