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:

Reticular Formation

A complex network of nerve pathways in the central nervous system that plays a key role in controlling arousal, wakefulness, and transitions between sleep and wakefulness.

Gray Matter

The regions of the brain and spinal cord that are made up primarily of neuronal cell bodies and synapses, crucial for processing and integrating information.

White Matter

White matter consists of myelinated axons in the brain and spinal cord that transmit signals quickly across different brain regions, facilitating communication within the nervous system.

Thalamus

A part of the brain that serves as a relay station, transmitting information between different areas of the brain.