Answered: MCQ: [Accounting-3 pts] A financial…

MCQ: [Accounting-3 pts] A financial liability designated at FVTPL has its credit risk changes recorded in a. Profit or loss b. Directly in equity c. Other comprehensive income d. Not recorded at all

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter4: Balance Sheet: Presenting And Analyzing Resources And Financing

Section: Chapter Questions

Problem 14E

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MCQ: [Accounting-3 pts]
A financial liability designated at FVTPL has its
credit risk changes recorded in
a. Profit or loss
b. Directly in equity
c. Other comprehensive income
d. Not recorded at all

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