Answer
c.
Work Step by Step
The recording of fair values is not mandatory for all financial instruments. Thus, the application of fair values varies depending on particular qualifying criteria.
Intermediate Accounting (16th Edition)
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
1118743202
ISBN 13:
978-1-11874-320-1
Chapter 7 - Cash and Receivables - IFRS Insights - IFRS Self-Test Questions - Page 385: 5
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