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What type of exposure exists

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Reference no: EM132559495

Question 1: How should bank loans and their associated interest be translated for recording purposes?

Bank Loan?Interest
a. Historical rate???Historical rate
b. Historical rate???Average rate
c. Average rate???Average rate
d. Closing rate???Average rate

Question 2: Which of the following is not a requirement for hedge accounting?

a. A hedging relationship consists only of eligible hedging instruments and eligible hedged items.
b. Formal designation and documentation of the hedging relationship
c. Documentation of how the hedging relationship meets the hedge effectiveness requirements
d. The hedging instrument must be a financial instrument.

Question 3: What type of exposure exists when financial statement items are translated at the closing rate or the forward rate?

a. Transaction
b. Economic
c. Accounting
d. Net asset

Reference no: EM132559495

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