What is the required measurement of the forward exchange

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Question 1: A company enters a forward exchange contract to hedge a USD receivable. Assuming that the receivable is measured at fair value, what is the required measurement of the forward exchange contract if the entity accounts for this as a fair value hedge under PFRS 9 Financial Instruments? Select which one of the following is correct.

a. cost

b. any of the above

c. lower of cost and fair value

d. any of the above

Reference no: EM132599889

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