________ confer the exclusive right to manufacture, use, and sell products or processes

Used by companies to hedge exposures to cash flow risk, which results from the variability in cash flows. Companies account for derivatives used in cash flow hedges at fair value on the balance sheet, but they record gains or losses in equity, as part of other comprehensive income.

(a) arbitrageurs (b) cash flow hedge (c) Fair Value Adjustment (d) held-to-maturity securities

Delaying the delivery of the bad news can be illegal

Indicate whether the statement is true or false.