AS-21: Accounting for the Effects of Changes in Foreign Exchange Rates Flashcards | StudBud

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AS-21: Accounting for the Effects of Changes in Foreign Exchange Rates Flashcards | StudBud

AS-21: Accounting for the Effects of Changes in Foreign Exchange Rates

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Question

In the context of AS-21, what is the purpose of a hedge of a net investment in a foreign operation?

Answer

To eliminate exchange rate risk

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