Under US GAAP, Which of the Following Conditions Must Be Met

Multiple Choice

Under U.S. GAAP, which of the following conditions must be met to qualify for hedge accounting?

A) There must be formal documentation of the hedging relationship.
B) A derivative must be used specifically to hedge fair value exposure or cash flow exposure.
C) The hedge must be effective.
D) All of the above must be met in order to qualify for hedge accounting.