AICPA每日一练之FAR【2016-1-9】

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Which of the following is not a type of foreign currency hedge?

A. A recognized asset or liability.

B. An available-for-sale security.

C. An unrecognized firm commitment.

D. A forecasted transaction.

Answer:A

A is corrent. The four foreign currency hedges are an unrecognized firm commitment, an available-for-sale security, a foreign currency denominated forecasted transaction, and a net investment in foreign operations. A hedge of a recognized asset or liability is a fair value hedge or cash flow hedge, not a foreign currency hedge.

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