The classification of a financial instrument on the statement of financial position of an entity is governed by the principle of:
A) legal form.
B) net present value.
C) substance over form.
D) forfeiture.

Name: The classification of a financial instrument on the statement of financial position of an entity is governed by the principle of: A) legal form. B) net present value. C) substance over form. D) forfeiture.
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Quizplus · Accepted Answer

The Answer is C

The Classification of a Financial Instrument on the Statement of Financial