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B 4 it is any liability that is contractual

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b4. It is any liability that is contractual obligation.a. Debt instrumentb. Financial Liabilityc. Financial Reportingd. Contracta5. It is any contract that evidences a residual interest in the asset of an entity after deducting all of
the liabilities.
b6. It is a contract traded on an exchange that allows an entity to buy or sell a specified quantity ofcommodity or financial security at a specified price on a specified amount.a7. It is a contract between two parties who agree to exchange a sum of money in one currency for
another currency.

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Term
N/A
Professor
Joy
Tags
Derivative, financial asset, d Financial asset

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