IAS 39 Financial Instruments: Recognition and Measurement on speculative forward exchange contracts requires that the contract be:
A) revalued using spot rates throughout its life with any gains or losses to be deferred and amortized as they occur.
B) revalued at fair value throughout its life with any gains or losses to be deferred and amortized as they occur.
C) valued using spot rates throughout its life with any gains or losses to be taken into income as they occur.
D) revalued at fair value throughout its life with any gains or losses to be taken into income as they occur.
Correct Answer:
Verified
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