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:

Economic Factor

Any of the various elements that influence the economy of a region or country, such as inflation, employment rates, and GDP growth.

PEST Analysis

A crucial instrument for businesses, designed to pinpoint, examine, and track the wide-ranging environmental influences that could significantly affect a company's success.

Offshoring Backlash

Negative public and political reaction against companies moving production or services to another country to reduce costs, often leading to job losses in the home country.

Technological Factor

An aspect of the external environment that represents how advances in technology can impact business operations and market competitiveness.