According to IAS 21

question 44

Multiple Choice

According to IAS 21,

• A) a forward contract may be used to set the value of a nonmonetary asset whose purchase was hedged by the forward contract.
• B) a forward contract can hedge the value of a commitment but not a transaction.
• C) the current rate method may be used but not the temporal method.
• D) long-term monetary items may be translated at the historical rate.
• E) Two of the above.

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Definitions:

Eye Contact

The act of looking directly into another person's eyes, which can convey a range of emotions and intentions, and is an important aspect of nonverbal communication.

Judged

Evaluated or formed an opinion about something or someone based on evidence, criteria, or standards.

Dress

Clothing worn by individuals, which can vary based on culture, occasion, or personal preference.

Body Movement

The physical motions or gestures used to convey messages or emotions in non-verbal communication.