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For hedge accounting to be used, U.S. GAAP requires that these criteria must be satisfied, except: a. The effectiveness of eliminating a specific market risk

For hedge accounting to be used, U.S. GAAP requires that these criteria must be satisfied, except: a. The effectiveness of eliminating a specific market risk is documented. b. A description of the hedging strategy is provided. c. The derivative is designated as a hedging instrument. d. A net gain results from hedging a specific risk

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Introductory Econometrics A Modern Approach

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