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nutes to complete them from the meeted by 7pm Question 24 Which of the following...

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Accounting

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nutes to complete them from the meeted by 7pm Question 24 Which of the following is true under hedge accounting for a fair value hedge? qualifying conditions are met, both the hedge and the hedged asset can be reported at fair value on the balance sheet If qualifying conditions are met, changes in the fair value of the hedge and the hedged asset can be reported in the statement of cash flows If qualifying conditions are met. changes in the fair value of the hedge and the hedged asset can be reported in the statement of comprehensive Income If qualifying conditions are met, both the hedge and the hedged asset can be excluded from the balance sheet None of the above. Previous Noted Question 25 Where are changes in the fair value of qualifying cash flow hedges reported? Directly into retained earnings. As part of net income. As part of other comprehensive income. In the statement of cash flows. None of the above. Previous

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