The Primary Distinction Between FAS 133 and IAS 39 Is

question 37

Multiple Choice

The primary distinction between FAS 133 and IAS 39 is

• A)IAS 39 does not permit hedge accounting
• B)IAS 39 was adopted earlier than FAS 133
• C)IAS 39 applies only to publicly traded corporations
• D)IAS 39 applies to all financial assets and liabilities,not just derivatives
• E)none of the above

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