Refer to the information above. Is the carrying value of Ford MTR's bonds higher or lower than the face value of its bonds?

Which of the following statements is correct with respect to GASB Statement No. 53 which establishes reporting requirements for governments entering into derivative instruments?

A) Changes in the value of hedge derivatives are deferred and reported in the Statement of Net Position. B) If a derivative is an investment derivative, the changes in the value of the derivative are deferred and reported in the Statement of Net Position. C) Statement No. 53 does not apply to proprietary funds. D) Statement No. 53 applies to government financial statements prepared using the modified accrual basis of accounting.

In a new task purchase situation, the current supplier is in an advantageous position

Indicate whether the statement is true or false