Late in 2008, the International Accounting Standards Board Allowed Firms

Late in 2008, the International Accounting Standards Board allowed firms to:

A) reclassify devaluated financial assets, delaying the recognition of losses.
B) estimate the value of the portfolio if there was no ready market for a derivative portfolio.
C) reduce their capital requirements.
D) accelerate the recognition of losses through mark-to-market accounting.
E) None of the above