Under AASB 139 Financial Instruments: Recognition and Measurement, When a Fair

question 7

Multiple Choice

Under AASB 139 Financial Instruments: Recognition and Measurement, when a fair value hedge instrument expires it:

• A) must be transferred within equity to retained earnings;
• B) remains permanently in equity;
• C) must be discontinued retrospectively;
• D) must be discontinued prospectively.

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Definitions:

Labor Market

The marketplace where employers find workers and workers find jobs, characterized by the supply and demand for labor.

Price Elastic

Describing a situation where the demand for a product is sensitive to price changes, meaning a relatively small change in price leads to a large change in the quantity demanded.

Supply Curve

A graph that details the interaction between the price level of a commodity and the quantity of it provided.

Per-unit Tax

A tax imposed on each unit of a good or service sold, affecting the supply curve by increasing production costs.