Problem

What was the net impact on Jensen Company's 2012 income as a result of this fair value...

What was the net impact on Jensen Company's 2012 income as a result of this fair value hedge of a firm commitment?

a. $−0−.


b. $1,319.70 decrease in income.


c. $77,980.30 increase in income.


d. $78,680.30 increase in income.

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