Which of the Following Are Examples Where the Conditions for Offsetting

question 19

Multiple Choice

Which of the following are examples where the conditions for offsetting a financial asset and a financial liability are generally not satisfied?
I. Financial assets pledged as collateral for non-recourse financial liabilities.
II. The combination of a number of different financial instruments to emulate the features of a single financial instrument.
III. Financial liabilities for obligations expected to be recovered from a third party such as an insurance company.

• A) I and III only
• B) II and III only
• C) I and II only.
• D) I, II and III.

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