CFA Practice Question

There are 520 practice questions for this study session.

CFA Practice Question

Disclosure of information under SFAS No. 107 regarding the market values of both financial assets and liabilities is required for ______.

A. financial instruments that involve debt-to-equity swaps only
B. financial instruments with off-balance-sheet market risk only
C. financial instruments with off-balance-sheet risk of accounting losses only
D. all financial instruments
Correct Answer: D

SFAS No. 107 requires disclosures of market values for all assets deemed to be financial instruments.

User Contributed Comments 2

User Comment
jooey SFAS = The Statement of Financial Accounting Standards
Apoorv34 Thanks.
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