Which of the following is a condition for hedge accounting? * 1 point

a. the effectiveness of the hedge cannot be measured reliably

b. the hedge is expected to be poorly effective in achieving offsetting changes in fair value or cash flows attributable to the hedged risk

c. the hedge is assessed on a perpetual basis and determined actaully to have been highly poorly effective throughout the financial reporting periods for which the hedge was designated.

d. there is a formal designation and documentation of the hedging relationship and the entity's risk management objective and strategy for undertaking the hedge