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ASC Topic 2017-12 and revised IFRS 9 permit that a portion of a contract or asset be designated as a hedge, provided that the related

ASC Topic 2017-12 and revised IFRS 9 permit that a portion of a contract or asset be designated as a hedge, provided that the related risk:

a. is separately identifiable and measurable.

b. immaterial.

c. can be hedged perfectly.

d. does not affect current year income.

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