According to IAS 21,
A) a forward contract may be used to set the value of a nonmonetary asset whose purchase was hedged by the forward contract.
B) a forward contract can hedge the value of a commitment but not a transaction.
C) the current rate method may be used but not the temporal method.
D) long-term monetary items may be translated at the historical rate.
E) Two of the above.

Question

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The Answer of According to IAS 21,
A) a forward contract may be used to set the value of a nonmonetary asset whose purchase was hedged by the forward contract.
B) a forward contract can hedge the value of a commitment but not a transaction.
C) the current rate method may be used but not the temporal method.
D) long-term monetary items may be translated at the historical rate.
E) Two of the above.