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:

Defense Mechanisms

Defense mechanisms are unconscious psychological strategies used by individuals to cope with reality and maintain self-image by reducing feelings of anxiety and stress.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Stress

A condition of mental or emotional strain resulting from demanding circumstances.

Overeating

Consuming more food than the body needs for energy and nutrition, often leading to weight gain and other health issues.