84 C.R. - Q.63

RC does not regard a "hedge cost" or "hedge premium" as a separate item, but instead takes it into account at the time of contract fulfillment.

Whether the gain or loss on the fulfillment of a forward contract will be realized on capital or income account depends on the underlying use of...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.