A ________ hedge refers to an offsetting operating cash flow such as a payable arising from the conduct of business
A) financial
B) natural
C) contractual
D) futures
Answer: B
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Which of the following is not a long-term liability account with a high risk of material misstatement?
a. Warranty reserves. b. Pension obligations. c. Other postemployment benefits. d. Marketable securities.
Prospecting and cold-calling are interchangeable terms
Indicate whether the statement is true or false
Which of the following is untrue of a limited partnership?
a. Limited partnerships must be formed under a state statute. b. Limited partners' surnames ordinarily cannot be used in the partnership business name. c. Partners in limited partnerships must contribute services to the partnership. d. Limited partners in a limited partnership are generally not responsible for the debts of the partnership beyond their investment.
Which of the following statements is not true:
A. Accounts receivable are classified as assets. B. Accounts receivable are increased by customer payments. C. Accounts receivable arise from credit sales. D. Accounts receivable are increased by billings to customers. E. Accounts receivable are held by a seller.