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QUESTION 1 In order to achieve the matching of hedge gains and losses against the losses and gains on the hedged item, accounting for
QUESTION 1 In order to achieve the matching of hedge gains and losses against the losses and gains on the hedged item, accounting for qualified hedges of forecastect transactions denominated in foreign currency O a defers the changes in OCI for the derivative instrument, but not the forecasted transaction (as it is not recongized) Ob defers the changes in both the derivative instrument and the forecasted transaction in gain/loss from discontinued operations O defers the changes in the recognized forecasted transaction in OCI, but not the derivative instrument. Od does not use hedge accounting for either the derivative instrument or the forecasted transaction as it is not applicable
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