Under IAS 39 Financial Instruments: Recognition and Measurement, When a Fair

question 13

Multiple Choice

Under IAS 39 Financial Instruments: Recognition and Measurement, when a fair value hedge instrument expires it:

• A) must be transferred within equity to retained earnings;
• B) remains permanently in equity;
• C) must be discontinued retrospectively;
• D) must be discontinued prospectively.

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Definitions:

Resistance Stage

The second phase of the general adaptation syndrome, where the body adapts to and resists stressors with increased performance of various defensive mechanisms.

Selye's GAS

A theory proposed by Hans Selye that describes the body's physiological response to stress in three stages: alarm reaction, resistance, and exhaustion.

Prisoner of War

A person who is captured and held by an enemy during conflict or war, typically under international law guidelines.

Agent Orange

A herbicide and defoliant chemical used by the U.S. military during the Vietnam War, known for its environmental damage and health effects on humans.