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    Exam 14: Using Derivatives to Manage Foreign Currency Exposures
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    Under FAS 133, Any FX Gain or Loss on an FX
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Under FAS 133, Any FX Gain or Loss on an FX

Question 255

Question 255

True/False

Under FAS 133, any FX gain or loss on an FX forward used to hedge an exposed asset or liability position must be recognized currently in the earnings.

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