Access the 2017 consolidated financial statements for Barrick Gold Corporation. Answer the questions below.
Required:
(a) What is the company's functional currency and reporting currency?
multiple choice 1
Canadian dollars
United States dollars
Mexican Peso
Argentine peso
(b) What percentage of net income is represented by foreign exchange gains or losses? (Round your answers to 1 decimal places.)
Percentage of foreign exchange (Click to select) income loss %
(c) Identify the location(s) in the annual report where the company provides disclosures related to its management of foreign exchange risk. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
check all that apply
Currency Exchange Rates
Market risk
Foreign currency risk
Exploration, Evaluation and Project Expenses
General and Administrative Expenses
(d) Not available in Connect.
(e) Select the types of hedging instruments the company uses to hedge foreign exchange risk.
multiple choice 3
Derivatives
Interest rate swap
Currency swap
Money market Heading