Under IFRS,which of the Following Statements Is True

question 27

Multiple Choice

Under IFRS,which of the following statements is true?

• A)The hedge of a forecasted transaction is accounted for using a fair-value hedge.
• B)The hedge of a firm commitment is accounted for using a cash-flow hedge.
• C)The gain or loss on a hedging instrument under a cash-flow hedge is first reported as other comprehensive income and then reclassified to income
• When the hedged item affects income.
• D)The gain or loss on a hedging instrument under a fair-value hedge is first reported as other comprehensive income and then reclassified to income
• When the hedged item affects income.

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Definitions:

Proximal Convoluted Tubule

A segment of the nephron in the kidney where the bulk of reabsorption of water, ions, and nutrients from the filtered blood occurs.

Sodium Chloride

A chemical compound commonly known as table salt, essential for various bodily functions, including maintaining fluid balance.

Hydrogen Ions

Positively charged ions of hydrogen, which play a crucial role in acidity, pH levels, and various biochemical reactions.

Glomerular Filtration Rate

A measure of how well the kidneys filter waste and excess fluid from the blood.