1.

With regard to hedging translation exposure, translation losses _______; and gains on forward contracts used to hedge translation exposure _______.

A. are not tax deductible; are taxed
B. are not tax deductible; are not taxed
C. are tax deductible; are taxed
D. are tax deductible; are not taxed
Answer» B. are not tax deductible; are not taxed


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