When an election is made not to bifurcate a hybrid financial instrument, how should this be disclosed on the financial statements?
- I. As separate line items for the fair value and non–fair value instruments on the balance sheet.
- II. As an aggregate amount of all hybrid instruments with the amount of the hybrid instruments at fair value shown in parentheses.
- III. As a footnote disclosure.
- a. I only.
- b. II and III only.
- c. III only.
- d. I and II only.