Multiple Choice
In terms of retrospectively assessing hedge effectiveness,which of the following situations does not meet the criteria for effectiveness?
A) Fair value of shares increased by $12 750; fair value of hedging instrument increased by $11 200
B) Fair value of shares increased by $12 800; fair value of hedging instrument decreased by $10 255
C) Fair value of shares decreased by $12 316; fair value of hedging instrument increased by $15 325
D) Fair value of shares decreased by $11 999; fair value of hedging instrument increased by $13 225
E) None of the given answers; they all meet the hedge effectiveness retrospectivity test.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: The essential feature of a non-monetary item
Q42: On 1 July 2006 McGrath Ltd enters
Q43: On 1 July 2005 Jarrets Ltd borrows
Q46: The exchange rate for a currency depends
Q49: The functional currency of an entity:<br>A) never
Q50: Safety Ltd purchased goods for £20,000 from
Q51: A foreign currency transaction shall be recorded
Q52: Which of the following is not a
Q66: Inventory is an example of a monetary
Q76: A hedge is defined by AASB 139