The U.S.GAAP and IASB require that firms record derivatives on the balance sheet date at

Question

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Both U.S.GAAP and IASB require that firms record derivatives on the balance sheet date at fair value, which is the amount that would be received to sell the derivative in an orderly transaction between market participants at the measurement date. This reflects the current market value of the derivative, which can change over time.

The USGAAP and IASB Require That Firms Record Derivatives on the the Balance