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Management understands the requirements to apply hedge accounting, and you do not need to discuss these. They would, however, like to know how this transaction
Management understands the requirements to apply hedge accounting, and you do not need to discuss these. They would, however, like to know how this transaction would be recorded if hedge accounting is elected, and whether there will be any impact on the December 31, 2023, financial statements. Note that the fair value of the forward contract did not change between when it was purchased and year end. The spot rate on January 15 was C$1.38
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