Which of the following is true regarding the provisions of International Accounting Standard No.39,"Financial Instruments: Recognition and Measurement (amended 2005) ?
A) IAS No.39 applies only to financial assets.
B) IAS No.39 applies only to financial liabilities.
C) IAS No.39 applies only to accounting for derivatives and loans and receivables.
D) IAS No.39 applies to both financial assets and financial liabilities.
Correct Answer:
Verified
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