If a foreign-currency-denominated payable has been hedged, why is it necessary to adjust the liability for balance

Question:

If a foreign-currency-denominated payable has been hedged, why is it necessary to adjust the liability for balance sheet purposes?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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