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    Financial Accounting and Reporting
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    Exam 24: Accounting for Foreign Currency Transactions
  5. Question
    A Hedge Is Defined by IAS 39 as an Action
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A Hedge Is Defined by IAS 39 as an Action

Question 46

Question 46

True/False

A hedge is defined by IAS 39 as an action taken,whether by entering into a foreign currency contract or otherwise,with the objective of maximising the possible positive effects of movements in exchange rates.

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