On September 10, 2020, Marin Corporation, a publicly traded company, purchased 1,200 common shares in MNL Ltd at a cost of $26.70 per share. The number of shares purchased was not a significant percentage of MNLs ownership, and Marin designated the investment as fair value through other comprehensive income (FV-OCI) under IFRS. Concerned about the inherent risk of losing value through the change in market price of the shares, Marin immediately purchased an option to sell the MNL shares for $32,040. The option cost $3,450. On September 30, 2020, Marin prepared its quarterly financial statements. On that day, the MNL shares were trading at $29.30 per share. The options, on the other hand, were trading at $400.

Is this a fair-value hedge or a cash flow hedge, from Marins perspective?

This a Choose the answer from the menu in accordance to the question statement cash flow hedgefair-value hedge from Marin's perspective.

List of Accounts

Prepare the necessary journal entries to record the above events. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Sept. 10Sept. 30
	(To record purchase of shares.)
	(To record purchase of hedge option.)
Sept. 10Sept. 30
	(To record fair value adjustment of shares.)
	(To record fair value adjustment of options.)
	(To record the fix under hedge accounting.)