Case 6: The Rich Company seeks to limit its potential exposure from future variable-interest debt by engaging in a cash flow hedge.Thus, it seeks to acquire a financial instrument that varies in price "in opposition" to Rick's expected payments on this debt instrument.However, it is unsure of the effectiveness of this hedging instrumentsince it is unsure of the expected "timing" of such transactions.Can Rich classify this proposed financial instrument as a cash flow (or other) hedge?

Choose the appropriate database and research the relevant accounting standards to advise your client on how to classify a proposed financial instrument as a cash flow (or other) hedge.