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  3. Study Set
    Advanced Accounting Concepts and Practice
  4. Exam
    Exam 16: Translating Foreign Currency Statements: The Temporal Method and the Functional Currency Concept
  5. Question
    The Accounting for the Gain or Loss on the Hedging
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The Accounting for the Gain or Loss on the Hedging

Question 176

Question 176

True/False

The accounting for the gain or loss on the hedging of a net investment position depends on whether the foreign currency or the U.S. dollar is the foreign unit's functional currency.

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