A is corrent. ASC Topic 825 requires the disclosure, either in the body of the financial statements or in the notes, of the fair value of financial instruments for which it is practicable to estimate that value. Methods and significant assumptions used to make the estimate should also be disclosed. Quoted market prices, if available, are the best estimate of fair value.
B is incorrect. ASC Topic 825 requires the disclosure, either in the body of the financial statements or in the notes, of the fair value of financial instruments for which it is practicable to estimate that value. Methods and significant assumptions used to make the estimate should also be disclosed. Quoted market prices, if available, are the best estimate of fair value.
C is incorrect. ASC Topic 825 requires the disclosure, either in the body of the financial statements or in the notes, of the fair value of financial instruments for which it is practicable to estimate that value. Methods and significant assumptions used to make the estimate should also be disclosed. Quoted market prices, if available, are the best estimate of fair value.
D is incorrect. ASC Topic 825 requires the disclosure, either in the body of the financial statements or in the notes, of the fair value of financial instruments for which it is practicable to estimate that value. Methods and significant assumptions used to make the estimate should also be disclosed. Quoted market prices, if available, are the best estimate of fair value.
|
