Which of the Following Statements Is Correct About Accounting for Financial

question 22

Multiple Choice

Which of the following statements is correct about accounting for financial liabilities?

• A)Financial liabilities can only be accounted for using amortized cost.
• B)Financial liabilities can only be accounted for using fair value though profit and loss.
• C)Financial liabilities can be accounted for using historical cost.
• D)Financial liabilities can be accounted for using amortized cost or fair value.

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