Which of the Following Is Correct About Financial Instruments

question 8

Multiple Choice

Which of the following is correct about financial instruments?

• A)Accounting for financial instruments has been consistent.
• B)There is no economic substance to financial instruments.
• C)They may be used in support of innovations designed to circumvent accounting standards.
• D)All financial instruments are accounted for at fair value.

---

Definitions:

Benthic Zone

The ecological region at the lowest level of a body of water, including the sediment surface and sub-surface layers, home to a wide variety of organisms.

Economic Service

Activities or benefits that contribute to the economic health of an area, often involving the production, distribution, and consumption of goods and services.

Nutrient Cycling

The recycling and movement of nutrients within an ecosystem, vital for maintaining the health and balance of the environment.

CO₂ Absorption

The process by which carbon dioxide is removed from the atmosphere and held in solid or liquid form.