Which Step Is Not Required to Record the Derecognition of a Financial

question 79

Multiple Choice

Which step is not required to record the derecognition of a financial liability?

• A)Update the accounting records to account for the interim interest expense.
• B)Amortize any unamortized discount or premium to the derecognition date.
• C)Record the difference between the future value and book value as the gain or loss.
• D)Record the difference between the amount paid and book value as the gain or loss.

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