Which of the Following Statements Is Incorrect

Which of the following statements is incorrect?

A) Under 'mark to market', financial instruments are revalued to their market price each reporting date
B) 'Market value' usually means the net fair value of a financial asset or financial liability having the same risk profile
C) 'Net present value' can be used to measure both assets and liabilities
D) 'Current cash equivalent' is only applicable to current assets