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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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In the context of AS-21, what is the purpose of a hedge of a net investment in a foreign operation?
A
To eliminate exchange rate risk
B
To reduce transaction costs
C
To speculate on currency movements
D
To artificially boost reported profits
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