Question: For an unrecognized firm commitment to qualify as a hedged item it must a. Be binding on both parties. b. Be specific with respect to

For an unrecognized firm commitment to qualify as a hedged item it must

a. Be binding on both parties.

b. Be specific with respect to all significant terms.

c. Contain a nonperformance clause that makes performance probable.

d. All of the above.

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