Any portion of a derivative's FX gain that is determined to be ineffective must be reported currently in earnings.

Name: Any portion of a derivative's FX gain that is determined to be ineffective must be reported currently in earnings.
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For accounting purposes, the ineffective portion of a derivative's foreign exchange (FX) gain or loss is recognized immediately in earnings, reflecting the portion that does not effectively hedge the underlying exposure.

Any Portion of a Derivative's FX Gain That Is Determined