Under Accounting Standards for Private Enterprises, Which of the Following

question 40

Multiple Choice

Under accounting standards for private enterprises, which of the following can be used as hedging instruments?

• A)Options
• B)Forward contracts
• C)Futures contracts
• D)Currency swaps

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Definitions:

Bayonet Constitution

The 1887 Constitution of the Kingdom of Hawaii, forcibly imposed on King Kalākaua, which significantly reduced royal authority and increased the influence of American and European businessmen in Hawaiian government.

Insular Cases

A series of early 20th-century U.S. Supreme Court decisions that determined the constitutional rights of people in U.S. territories acquired after the Spanish-American War.

Boer War

A conflict fought between the British Empire and two Boer states, the South African Republic and the Orange Free State, over the Empire's influence in South Africa from 1899 to 1902.