In Relation to Cash Flow Hedges,AASB 7 Requires That an Entity

question 2

Multiple Choice

In relation to cash flow hedges,AASB 7 requires that an entity must disclose separately which of the following?

• A) the amount reclassified from the statement of owners' equity
• B) hedge effectiveness statement
• C) hedging gains or losses of the reporting that were recognised in other comprehensive income
• D) hedge accountability statement

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Definitions:

Expected Utility

A theory in economics that calculates the utility or satisfaction expected from different possible outcomes, accounting for risk and uncertainty.

Stock Tip

Advice or information provided to investors about a stock that is expected to perform well.

Utility of Income

The perceived value or satisfaction obtained from income and the goods and services it can purchase.

Expected Utility

A theory in economics that calculates the utility expected from different outcomes, considering their probabilities.