In Differentiating Between a Financial Liability and Equity,the Report Preparer

In differentiating between a financial liability and equity,the report preparer must consider:

A) the existence of a contractual obligation to deliver cash or another financial asset.
B) the consequences of recording a financial liability and the associated impacts on profit.
C) the substance of the agreement over its form.
D) the existence of a contractual obligation to deliver cash or another financial asset and the substance of the agreement over its form.

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