Question 19 Assume a company enters into a forward contract to lock in a price on inventory that it will purchase over the next 12 months. This is an example of what type of hedge? A Fair-value B. Cash flow C. Speculative OD Variable E. Foreign currency Question 20 US GAAP identifies several levels of influence control. If Company One owns 10% of the outstanding voting stock of Company Two, which level of influence control is in evidence? O A Fair-value method B. Significant influence OC Control CD Passive E. None of the above Question 21 An asset is impaired when the asset's carrying value is: O A. Greater than the sum of discounted expected cash flows O B. Less than the sum of discounted expected cash flows C. Less than the sum of undiscounted expected cash flows O D. Greater than the sum of undiscounted expected cash flows E. None of the above