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Steps in Answering Forex Transactions
Steps in Answering Forex Transactions
A. BUYER POSITION, OR
B. SELLER POSITION
STEP 2: RECORD THE HEDGE ITEM USING THE CURRENT SPOT RATE AT INITIAL
RECOGNITION
STEP 3: RECORD THE HEDGING INSTRUMENT USING THE FORWARD RATE AT THE
REMAINING LIFE OF THAT HEDGING INSTUMENT.