A is corrent. Credit indexed contracts meet the definition of a derivative instrument and must be accounted for using ASC Topic 815. Adjustable rate loans, mortgage-backed securities, and variable annuity contracts are not required to be accounted for under ASC Topic 815.
B is incorrect. Credit indexed contracts meet the definition of a derivative instrument and must be accounted for using ASC Topic 815. Adjustable rate loans, mortgage-backed securities, and variable annuity contracts are not required to be accounted for under ASC Topic 815.
B is incorrect. Credit indexed contracts meet the definition of a derivative instrument and must be accounted for using ASC Topic 815. Adjustable rate loans, mortgage-backed securities, and variable annuity contracts are not required to be accounted for under ASC Topic 815.
D is incorrect. Credit indexed contracts meet the definition of a derivative instrument and must be accounted for using ASC Topic 815. Adjustable rate loans, mortgage-backed securities, and variable annuity contracts are not required to be accounted for under ASC Topic 815.
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