A forward contract is a hedge of an identifiable foreign currency commitment if (a) The forward contract is designated as, and is effective as, a hedge of a foreign currency commitment. (b) The...

(a) The forward contract is designated as, and is effective as, a hedge of a foreign currency commitment.

(b) The foreign currency commitment is firm.

(c) The amount of the forward contract is equal to the amount of the commitment.

(d) Both (a) and (b).

(e) Both (a) and (c).