When Preparing Their Year-End Financial Statements,the Warner Company Includes a Footnote

question 24

Multiple Choice

When preparing their year-end financial statements,the Warner Company includes a footnote regarding their hedging activities during the year.Which of the following is not required to be disclosed?

• A)How hedge effectiveness is determined and assessed
• B)The specific types of risks being hedged,and how they are being hedged
• C)Alternative hedging options declined
• D)The net gain or loss reported for the period for fair value hedges and where in the financial statements it is reported

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