Under IFRS, Which of the Following Statements Is True

question 28

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:

Goal Box

In experimental studies, especially in animal behavior research, it is a designated endpoint or target area the subject aims to reach.

Intrinsic Motivation

The drive to engage in an activity for its own sake, deriving pleasure and satisfaction from the activity itself rather than from external rewards or pressures.

"Good Player" Certificates

Recognitions or awards given to individuals, often in a gaming or educational setting, for exhibiting positive behavior or achieving certain milestones.

VR Reinforcement Schedules

VR Reinforcement Schedules involve systematically applying reinforcement principles within virtual reality environments to modify behavior, based on predetermined or variable intervals and ratios of response.