To qualify for fair value hedge accounting, a company must document all but:

Name: To qualify for fair value hedge accounting, a company must document all but:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The amount of the gain or loss in other comprehensive income does not need to be documented to qualify for fair value hedge accounting. However, the company must document its hedging objectives and strategy, how hedge effectiveness will be assessed, and the nature of the risk being hedged.

To Qualify for Fair Value Hedge Accounting, a Company Must