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Test: CPA Financial Accounting and Reporting (FAR)
1. | A derivative financial instrument is best described as: |
A contract that has its settlement value tied to an underlying notional amount
A contract that conveys to a second entity a right to receive cash from a first entity
Evidence of an ownership interest in an entity such as shares of common stock
A contract that conveys to a second entity a right to future collections on A/R from a first entity
David
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Purdue University-Main Campus, Bachelor of Science, Behavioral Sciences. Capella University, Master of Science, Applied Behav...
Bethlehem
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University of California-Los Angeles, Bachelor of Science, Biology, General.
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