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Forward exchange contract designated as a cash flow hedge of a foreign - currency - denominated forecasted sale of inventory, strengthening sUS For settiement on
Forward exchange contract designated as a cash flow hedge of a foreigncurrencydenominated forecasted sale of inventory, strengthening sUS "For settiement on February b ignore discounting in the computation of fair values. a Prepare the journal entries to record the sale and all adjustments required for the forecasted sale and forward contract at Octaber December and February Note: If no entry is required, select Na entry" as your answers under Description and leave the debit and credit answers blank zero Hedged Transaction CF Hedge b Reconcile to the forward rate as the forward contract's inception the net cash received for both the sale of goods and the settiement of the fonwardcontract derivative. Net cash received for sale of goods and settiement of the forward contract derivative is: c What amount of sales was recognized in the quarter ending December Note: Do not use a negative sign with any of your answers below. What amount of sales was recognized in the quarter ending March What is the total arnount of sales recognized across the quarters ending December and March
Forward exchange contract designated as a cash flow hedge of a foreigncurrencydenominated forecasted sale of inventory, strengthening sUS
"For settiement on February
b ignore discounting in the computation of fair values.
a Prepare the journal entries to record the sale and all adjustments required for the forecasted sale and forward contract at Octaber December and February
Note: If no entry is required, select Na entry" as your answers under Description and leave the debit and credit answers blank zero
Hedged Transaction
CF Hedge
b Reconcile to the forward rate as the forward contract's inception the net cash received for both the sale of goods and the settiement of the fonwardcontract derivative.
Net cash received for sale of goods and settiement of the forward contract derivative is:
c What amount of sales was recognized in the quarter ending December
Note: Do not use a negative sign with any of your answers below.
What amount of sales was recognized in the quarter ending March
What is the total arnount of sales recognized across the quarters ending December and March
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