The Primary Distinction Between FAS 133 and IAS 39 Is

question 37

Multiple Choice

The primary distinction between FAS 133 and IAS 39 is

• A)IAS 39 does not permit hedge accounting
• B)IAS 39 was adopted earlier than FAS 133
• C)IAS 39 applies only to publicly traded corporations
• D)IAS 39 applies to all financial assets and liabilities,not just derivatives
• E)none of the above

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Definitions:

Slope

In mathematics and statistics, the measure of the steepness or incline of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Least Squares Regression Line

A linear line that optimally aligns with the scatter plot data points by minimizing the total of the squared vertical deviations from the line.

Predicted Value Of Y

The value estimated based on a regression line for a given X value in the context of linear regression.

Simple Linear Regression Model

A statistical method that models the relationship between a dependent variable and one independent variable by fitting a linear equation to observed data.