Exchange Gains and Losses on a Forward Exchange Contract That

question 31

Multiple Choice

Exchange gains and losses on a forward exchange contract that covers the same time period as the transaction which it provides a fair value hedge for should be recognized as

• A)​an extraordinary item.
• B)​part of the original sales transaction.
• C)​income from continuing operations.
• D)​other comprehensive income.

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The process of learning and incorporating the values, beliefs, behaviors, and norms of one's culture and society.

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A set of mechanisms or procedures designed to direct, manage, or regulate the behavior of other devices or systems to achieve desired outcomes.