What is a "hedge"?
A) A financial instrument that is speculative and increases the risk for the company.
B) An instrument that moves in the opposite direction to another financial asset or liability.
C) An instrument that moves in the same direction as another financial asset or liability.
D) A financial instrument that is prohibited by accounting standards under IFRS and ASPE.
Correct Answer:
Verified
Q79: McMillan Manufacturing issued 60,000 stock options to
Q80: O'Neil Manufacturing issued 200,000 stock options to
Q81: Which step is not required for hedge
Q82: Which method must be used under ASPE
Q83: A company located in Canada spends $2,000
Q84: Explain what a "fair value" and "cash
Q86: On January 1,2011,Gilmore Inc.granted stock options to
Q87: Which statement is correct about hedge accounting?
A)Hedge
Q88: On January 1,2011,Braeben Inc.granted stock options to
Q89: Identify the type of hedge under each
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