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Assuming that Cairns designates the foreign currency option as a fair value hedge of a foreign currency payable prepare journal entries for these transactions in U.S dollars What is the impact on

 Assuming that Cairns designates the foreign currency option as a fair value hedge of a foreign currency payable, prepare journal entries for these transactions in U.S. dollars. What is the impact on net income over the two accounting periods?

Apr 26 2020 View more View Less

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