Changes in the fair value of derivative instruments that qualify as hedges should be reported as
A) Gains or losses in the government-wide statement of activities.
B) Deferred inflows or outflows of resources in fund and government-wide operating statements.
C) Losses but not gains in general fund statements of revenues, expenditures, and changes in fund balance.
D) Disclosures only.
Correct Answer:
Verified
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