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Under US GAAP, What Method of Amortizing Discounts or Premiums on on Forward

question 55

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Under U.S. GAAP, what method of amortizing discounts or premiums on forward contracts must be used?


Definitions:

Decimal Places

The positions of numbers to the right of the decimal point in a decimal number.

Rate

The specified frequency at which an event occurs or a quantity changes over time or per unit.

Decimal Places

The number of digits to the right of the decimal point in a number, indicating its precision.

Percents

A mathematical expression, indicating a part of a whole as so many hundredths.

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