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Question content area top Part 1 Which of the following is correct...

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Accounting

Question content area top
Part 1
Which of the following is correct about financial instruments?
Question content area bottom
Part 1
A.
There is no economic substance to financial instruments.
B.
All financial instruments are accounted for at fair value.
C.
They may be used in support of innovations designed to circumvent accounting standards.
D.
Accounting for financial instruments has been consistent.

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