Reference the forward contract Accounts Receivable problem. At 12/31/Y1 what is the balance of the AOCI account?

Question 13 options:

Reference the forward contract Accounts Receivable problem. Through the period ending 12/31/Y1 what is the impact on Net Income if this were recorded as a cash flow hedge?

Reference the forward contract Accounts Receivable problem. Through the period ending 12/31/Y1 what is the impact on Net Income if this were recorded as a fair value hedge?

Forward Contract Cash Flow Hedge of a Recognized Foreign Currency Asset Notional Amount 650,000 Pesos Discount Rate 0.96 O we CanStock Photo.com - csp73194042 ACCOUNTS RECEIVABLE (Pesos) Spot Rate FORWARD CONTRACT Forward Rate Fair Value Change in Fair Value Total DE or PR 19,500 Date Fair Value Change in Fair Value 11/1/41 2.10 2.07 XXXXXXX 1,365,000 $ 1,365,000 12/31/41 2.03 2.05 (12,480) $ (12,480) 1,319,500 $ (45,500) 3/31/42 2.00 $ (45,500) $ (33,020) $ 1,300,000 $ (19,500) Forward Contract Cash Flow Hedge of a Recognized Foreign Currency Asset Notional Amount 650,000 Pesos Discount Rate 0.96 O we CanStock Photo.com - csp73194042 ACCOUNTS RECEIVABLE (Pesos) Spot Rate FORWARD CONTRACT Forward Rate Fair Value Change in Fair Value Total DE or PR 19,500 Date Fair Value Change in Fair Value 11/1/41 2.10 2.07 XXXXXXX 1,365,000 $ 1,365,000 12/31/41 2.03 2.05 (12,480) $ (12,480) 1,319,500 $ (45,500) 3/31/42 2.00 $ (45,500) $ (33,020) $ 1,300,000 $ (19,500)