Which of the following statements is not true of fair value option?
A) Receivables are recorded at fair value in the financial statements.
B) Unrealized holding gains and losses from fair value adjustments are reported as a component of comprehensive income.
C) The International Accounting Standards Board believes that fair value measurement for financial instruments provides more relevant and understandable information than historical cost.
D) An unrealized holding gain or loss is the net change in the fair value of the receivable from one period to another, exclusive of interest revenue.
Correct Answer:
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