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.

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Definitions:

Survive

Survive means to continue living or existing, especially in spite of danger or hardship.

As Singles

Refers to individuals not in a romantic relationship or marriage, often highlighting their social status or lifestyle.

Negative Effects

Adverse outcomes or impacts that result from a particular action, event, or situation, often leading to unintended or harmful consequences.

Economic Hardship

Financial strain experienced by individuals or households, often resulting from low income, unemployment, or significant debts.