Financial assets and financial liabilities are offset only when
A) the entity currently has a legally enforceable right of set-off.
B) intends either to settle on a net basis.
C) intends to realize the asset and settle the liability simultaneously.
D) all of the above.

Question

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The Answer of Financial assets and financial liabilities are offset only when
A) the entity currently has a legally enforceable right of set-off.
B) intends either to settle on a net basis.
C) intends to realize the asset and settle the liability simultaneously.
D) all of the above.

Financial Assets and Financial Liabilities Are Offset Only When