Johnson & Co. is a bakery. Fearful that wheat prices may rise dramatically, Johnson purchased call options on wheat futures to hedge the price risk of its forecasted inventory purchases. Johnson is almost certain this transaction would be considered a derivative, but is unsure if it qualifies for hedge accounting. Find authoritative guidance as to general criteria for hedge accounting and the different types of hedges. Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Type the topic here. Correctly formatted FASB ASC topics are 3 digits. FASB ASC Johnson & Co. is a bakery. Fearful that wheat prices may rise dramatically, Johnson purchased call options on wheat futures to hedge the price risk of its forecasted inventory purchases. Johnson is almost certain this transaction would be considered a derivative, but is unsure if it qualifies for hedge accounting. Find authoritative guidance as to general criteria for hedge accounting and the different types of hedges. Enter your response in the answer fields below. Guidance on correctly structuring your response appears above and below the answer fields. Type the topic here. Correctly formatted FASB ASC topics are 3 digits. FASB ASC