If the forward contract is acquired, what is the overall exchange gain or loss? a. ($0) b.
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If the forward contract is acquired, what is the overall exchange gain or loss?
a. \($0\)
b. \($10,000\) gain
c. \($10,000\) loss
d. \($30,000\) gain
On October 1, 2008, Short Company ordered some equipment from a supplier for 200,000 euros. Delivery and payment is to occur on November 30, 2009. The spot rates on October 1, 2008 and November 30, 2009 are \($1.50\) and \($1.30.\)
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