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A US company bought inventory from a Ukranian company for $100,000 in FC. The exchange rate was 1.50 FC. Entered into a forward contract to

A US company bought inventory from a Ukranian company for $100,000 in FC.

The exchange rate was 1.50 FC. Entered into a forward contract to pay

at a 1.60FC in thirty days. The FC at payment in thirty days was 2.00FC.

Record all necessary entries.

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