Changes in the fair value of all derivatives other than hedges must be recognized in income when they occur.

Name: Changes in the fair value of all derivatives other than hedges must be recognized in income when they occur.
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Question

Quizplus · Accepted Answer

This is true according to accounting standards. Changes in the fair value of derivatives not designated as hedges are recognized in income as they occur, usually in the form of a gain or loss on the income statement.

Changes in the Fair Value of All Derivatives Other Than