Question
Assume a company enters into a forward contract to lock in a price on inventory that it will purchase over the next 12 months. This
Assume a company enters into a forward contract to lock in a price on inventory that it will purchase over the next 12 months. This is an example of what type of hedge?
A. Foreign currency
B. Variable
C. Cash flow
D. Speculative
E. Fair value
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
