Question: Identify true statements about a fair value foreign currency hedge. Multiple select question. The gain or loss on the foreign currency hedge is recognized as

Identify true statements about a fair value foreign currency hedge.
Multiple select question.
The gain or loss on the foreign currency hedge is recognized as other comprehensive income.
Could be used to hedge a firm purchase commitment for goods from a foreign manufacturer.
Could be used to hedge a payable or receivable denominated in a foreign currency.
The payable or receivable is in a foreign currency-denominated asset or liability.

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