Larson Compary, a U$.$S$.$ company, has an India rupee account receivable resulting from an export sale on signed a forward contract on September $7$ to sell rupees and designated it as a cash flow hedge of a reco and the forward rate was $$0\mathrm{.}021.$ Which of the following did the U$.$S$.$ exporter allocate over the life of the

Multiple Choice

Discount as an increase in net income

Premium as an increase in net income

Discount as a decrease in net income

Premium as a decrease in net income

Both discount and premiumas increases in net income

Prev

$31$ of $32$

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${?}^{(})$

$20$

$$

$a$

$4$

sen