Business
Business, 28.05.2021 19:50, sabrinaaz

Which statement is correct regarding fair value hedges and cash flow hedges of a foreign currency asset or liability? A. Revaluation of a fair value hedge is reported in Other Comprehensive Income.
B. Revaluation of a cash flow hedge is reported in the income statement.
C. Under a cash flow hedge the difference between the revaluation gain or loss on the hedge and the revaluation gain or loss on the item being hedged is reported in Other Comprehensive Income
D. Under a cash flow hedge the difference between the revaluation gain or loss on the hedge and the revaluation gain or loss on the item being hedged is reported in the income statement.
E. Under a fair value hedge the difference between the revaluation gain or loss on the hedge and the revaluation gain or loss on the item being hedged is reported in Other Comprehensive Income.

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