Question: Which of the following is not a basic principle regarding the accounting for derivatives? Fair value is the most relevant measure. Gains and losses should

Which of the following is not a basic principle regarding the accounting for derivatives?
Fair value is the most relevant measure.
Gains and losses should be booked through either net income or other comprehensive income.
They should be recognized in financial statements when the entity becomes party to the contract.
Gains and losses should always be booked through net income.
Which of the following is not a basic principle

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