Fair value option for reporting some liabilities is normally chosen ________
A) at the time of borrowing and is irrevocable
B) on the first balance sheet and is revocable
C) at the end of each year and is revocable
D) at the time of borrowing and is revocable
Answer: A
You might also like to view...
Based on the information in Scenario C, which of the following outcomes would you most expect if business drops off dramatically for Hank Corp.?
A. Vito would lay off most of his workforce. B. The members of the entire company would agree that they should each cut their hours by 15 percent so that no one is laid off. C. Vito would sell the company and move to New Jersey. D. The members of the company would go on strike. E. Vito would charge more for the consulting services so that he can make ends meet.
The Microsoft Access 2013 Ribbon contains all of the following command tabs except ________
A) HOME B) SQL C) EXTERNAL DATA D) DATABASE TOOLS