Answer the following questions true (T) or false (F)
1. One possible reason for a balance sheet hedge could be because the firm has debt covenants or bank agreements that state the firm's debt/equity ratios will be maintained within specific limits.
2. If management expects a foreign currency to depreciate, it could minimize translation exposure by increasing net exposed assets.
3. If management anticipates an appreciation of the foreign currency, it should decrease net exposed assets to benefit from a gain.
1. TRUE
2. FALSE
3. FALSE
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Describe four broad strategies employed by market followers to meet their competitors. Which of these is unethical?
What will be an ideal response?
The ________ procedure for auditing computer process controls uses a hypothetical series of valid and invalid transactions
A) concurrent audit techniques B) test data processing C) integrated test facility D) dual process