Which Statement Is Correct About Financial Instruments

Which statement is correct about financial instruments?

A) A contract whose value changes according to a specified variable, requires little or no initial investment and is settled at a future date.
B) A contract that gives the holder the residual interest in an entity after deducting all of its liabilities.
C) Any contract that gives rise to a financial asset for one entity and a financial liability or equity instrument for another entity.
D) Any contract that entitles the holder to joint interest in an entity after deducting all of its liabilities.

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