The UKEquity Account "Hedging Reserve" Is Reported on a U

question 91

Multiple Choice

The U.K.Equity account "Hedging reserve" is reported on a U.S.GAAP balance sheet as

• A)capital reserve.
• B)revaluation reserve.
• C)capital in excess of par.
• D)an accumulated other comprehensive income account.

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Definitions:

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Syndicate

A group of individuals or organizations combined to promote some common interest, often in business or finance.

Joint Stock Company

A form of business organization in which capital is divided into shares owned by shareholders, who enjoy limited liability and whose investment in the company can be bought and sold.

Manager-Managed

A management structure typically used in a Limited Liability Company (LLC) where one or more appointed managers are responsible for the company's day-to-day operations, as opposed to being member-managed.