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IFRS 9 Financial Instruments allows the use of hedge accounting if certain criteria are met. Which of the following is NOT one of these criteria?
IFRS 9 Financial Instruments allows the use of hedge accounting if certain criteria are met. Which of the following is NOT one of these criteria?
The hedging relationship consists of only eligible hedging instruments and hedged items
At the beginning of the hedge there is formal designation of the hedge relationship and the entity's risk management objective
The hedge meets certain criteria that make it effective
Gains and losses on the hedged item and hedging instrument net off exactly
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