Which Statement Is Correct About Hedge Accounting

question 35

Multiple Choice

Which statement is correct about hedge accounting?

• A)Hedge accounting must be reported in profit or loss.
• B)Hedge accounting must be reported in OCI.
• C)The financial effects of the hedging item and instrument offset 100% in hedge accounting.
• D)It permits the hedging item and the hedging instrument to be recorded in the same way.

---

Definitions:

Previous Generation

Refers to the generation that came before the current one, often implying the passage of cultural, social, or technological legacies.

Women Today

Referring to the present condition, roles, responsibilities, and societal expectations of women in contemporary society.

Sexual Activity

Behaviors that involve sexual intercourse or other forms of physical and emotional interaction intended to provide sexual pleasure.

Cohabitators

Individuals who live together in a domestic partnership without being married.