CFA Practice Question

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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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