Under IFRS, Which of the Following Statements About Hedging a Foreign

question 47

Multiple Choice

Under IFRS, which of the following statements about hedging a foreign currency risk of an accepted purchase order is TRUE?

• A)It can be accounted for using either a fair-value hedge or a cash-flow hedge.
• B)It is not eligible for hedge accounting until it becomes an accounts payable.
• C)It must be accounted for using a fair-value hedge.
• D)It must be accounted for using a cash-flow hedge.

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Definitions:

Asbestosis

A lung disease resulting from the inhalation of asbestos particles, leading to lung scarring and shortness of breath.

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A broad category of diseases and disorders that affect the liver's ability to function properly, often leading to health complications.

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