What criteria must be satisfied for a foreign currency transaction to be considered a hedge of an identifiable foreign currency commitment? The FASB classifies forward contracts as those acquired for...

What criteria must be satisfied for a foreign currency transaction to be considered a hedge of an identifiable foreign currency commitment? The FASB classifies forward contracts as those acquired for the purpose of hedging and those acquired for the purpose of speculation. What main differences are there in accounting for these two classifications?



May 26, 2022
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