C is corrent. Both items qualify as hybrid instruments that would require bifurcation under ASC Topic 815. The process of bifurcation separates an embedded derivative instrument from the basic or "host" contract. A is incorrect. Both items qualify as hybrid instruments that would require bifurcation under ASC Topic 815. The process of bifurcation separates an embedded derivative instrument from the basic or "host" contract. B is incorrect. Both items qualify as hybrid instruments that would require bifurcation under ASC Topic 815. The process of bifurcation separates an embedded derivative instrument from the basic or "host" contract. D is incorrect. Both items qualify as hybrid instruments that would require bifurcation under ASC Topic 815. The process of bifurcation separates an embedded derivative instrument from the basic or "host" contract.
