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    Mar 4, 2011, 08:01 PM
    Intermediate Accounting Question
    1. The fair value option allows a company to:

    a. value its own liabilities at fair value

    b. record income when the fair value of its bonds increases

    c. report most financial instruments at fair value by recording gains/losses as a separate component of stockholder's equity

    d. all of the above are true of fair value option

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