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:

Parietal Lobe

A region of the brain involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.

Cingulate Gyrus

A curve of brain tissue located above the corpus callosum that plays a role in emotion formation, processing, learning, and memory.

Inaccurate Memories

Memory distortions or inaccuracies that arise from the retention, interpretation, and retrieval process, leading to false or altered recollection of events.

Suggestible People

Individuals who are more likely to accept and internalize ideas or attitudes suggested by others.