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$0.30. Any contract discount or premium is amortized using the straight-line method. The spot rates and forward rates on various dates were as follows: Required:

$0.30. Any contract discount or premium is amortized using the straight-line method. The spot rates and forward rates on various dates were as follows: Required: A. Assume this hedge is designated as a cash flow hedge. Prepare the journal entries relating to the transaction and the forward contract. B. Compute the effect on 2024 net income. C. Compute the effect on 2025 net income

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