Which one of the following statements is incorrect? Hedge accounting of an existing position no longer applies when:

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answerhappygod
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Which one of the following statements is incorrect? Hedge accounting of an existing position no longer applies when:

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Which one of the following statements is incorrect? Hedge accounting of an existing position no longer applies when:

A. the trader acquires additional exposure in the hedged item.
B. the hedging instrument is sold, terminated or exercised.
C. the hedged item is sold or settled.
D. a hedge fails the effectiveness test.
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