Using IFRS, Hedge Accounting Allows the Gain or Loss on the Hedge

question 34

Multiple Choice

Using IFRS, hedge accounting allows the gain or loss on the hedge transaction to

• A) be booked through net income.
• B) be booked through other comprehensive income.
• C) not be booked.
• D) not be booked until the hedge closes.

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Definitions:

Uric Acid

A waste product formed from the breakdown of purines in the body, excreted in the urine.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy and how these affect matter.

Usable Form

A state or format of a substance that can be directly utilized by an organism or machine.

Transformed

In biology, refers to the process of changing a cell's characteristics through genetic modification or in cell culture. Outside biology, it can imply a comprehensive change in appearance or condition.