Listed below are 4 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term.
-Fair value option
A) Gain or loss reported in the statement of comprehensive income.
B) Protects the debt issuer if rates fall.
C) The amount by which the reacquisition price of debt exceeds book value.
D) Right of an investor to purchase a specific number shares at a fixed price.

Question

Listed below are 4 terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the most correct term. 
-Fair value option
A) Gain or loss reported in the statement of comprehensive income.
B) Protects the debt issuer if rates fall.
C) The amount by which the reacquisition price of debt exceeds book value.
D) Right of an investor to purchase a specific number shares at a fixed price.

Quizplus · Accepted Answer

Fair value option allows companies to record financial assets and liabilities at their fair values, with gains or losses reported in the statement of comprehensive income.

Listed Below Are 4 Terms Followed by a List of Phrases