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The change in fair value for an interest rate swap that is used by Maverik...

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Question

Accounting

The change in fair value for an interest rate swap that is used by Maverik Co. to hedge cash flow risk is recorded as an increase or decrease to which of the following accounts?

Group of answer choices

Long-term debt

Deferred loan costs

Derivative asset or liability

Other retained earnings

Answer & Explanation Solved by verified expert
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