The International Accounting Standards Board has given companies the option of using fair value to report all of the following except:
A) Receivables
B) Investments
C) Financial liabilities
D) All of the choices can be valued at fair value.

Question

Quizplus · Accepted Answer

The International Accounting Standards Board allows companies to use fair value accounting for receivables, investments, and financial liabilities. Therefore, all of the choices listed can indeed be valued at fair value, making option D correct.

The International Accounting Standards Board Has Given Companies the Option