C is corrent. ASC Topic 860 requires that servicing assets and servicing liabilities should initially be recorded at fair value be recorded at fair value.
A is incorrect. ASC Topic 860 requires that servicing assets and servicing liabilities be recorded at fair value.
B is incorrect. ASC Topic 860 requires that servicing assets and servicing liabilities.
D is incorrect. ASC Topic 860 requires that servicing assets and servicing liabilities be recorded at fair value.
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