Multiple Choice
According to IFRS 9, which of the following statements pertaining to a forward contract is true?
A) A forward contract is valued using spot rates throughout its life with any gains or losses to be deferred and amortized as they occur.
B) A forward contract is valued at fair value throughout its life with any gains or losses to be deferred and amortized as they occur.
C) A forward contract is valued using spot rates throughout its life with any gains or losses to be taken into income as they occur.
D) A forward contract is remeasured at fair value throughout its life, with any gains or losses reflected in net income as they occur.
Correct Answer:
Verified
Correct Answer:
Verified
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