Question: 2 pts D | Question 40 When a company chooses the Fair Value Option for reporting some liabilities, the choice to use this option is

2 pts D | Question 40 When a company chooses the

2 pts D | Question 40 When a company chooses the Fair Value Option for reporting some liabilities, the choice to use this option is made: At the time of borrowing and is irrevocable At the time of borrowing and can be revoked on any subsequent balance sheet date When the liability initially appears on a balance sheet and can be changed at any time Annually

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