Question: If it is not practicable for an entity to estimate the fair value of a financial instrument, which of the following should be disclosed? I.

If it is not practicable for an entity to estimate the fair value of a financial instrument, which of the following should be disclosed?

I. Information pertinent to estimating the fair value of the financial instrument.

II. The reasons it is not practicable to estimate fair value.

a. I only.

b. II only.

c. Both I and II.

d. Neither I nor II.

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