Question: Which statement is correct about hedge accounting? Question 5 options: The financial effects of the hedging item and instrument offset 1 0 0 % in

Which statement is correct about hedge accounting?
Question 5 options:
The financial effects of the hedging item and instrument offset 100% in hedge accounting.
Hedge accounting must be reported in profit or loss.
Hedge accounting must be reported in OCI.
It permits the hedging item and the hedging instrument to be recorded in the same way.

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