Which of the following statements is correct about the fair value option under IFRS?
A) The fair value method increases volatility in retained earnings.
B) Using the fair value method promotes mismatches because assets and liabilities are measured under different bases.
C) IFRS does not allow fair value reporting for investments under the equity method.
D) IFRS allows a company to revoke the fair value option at any time.
Correct Answer:
Verified
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