What term is used to describe the circumstances under which Amazing Corporation is entering the forward contract?
A. hedge of an unrecognized foreign currency firm commitment
B. hedge of a recognized foreign-currency-denominated asset
C. hedge of a forecast foreign-currency-denominated transaction
D. hedge of net investment in foreign operations
Answer:B
What term is used to describe the circumstances under which Amazing Corporation is entering the forward contract?
A. hedge of an unrecognized foreign currency firm commitment B. hedge of a recognized foreign-currency-denominated asset C. hedge of a forecast foreign-currency-denominated transaction D. hedge of net investment in foreign operations