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Forward exchange contract designated as a fair value hedge of a foreign - currency - denominated accounts receivable, weakening sUS forward rates, and related values
Forward exchange contract designated as a fair value hedge of a foreigncurrencydenominated accounts receivable, weakening sUS
forward rates, and related values of the accounts recelvable and forward contract on October December and January When computing fair values, ignore discounting.
FY Hedse
b Reconcile to the forward rate at the forward contract's inception the net cash received for both the settiement of the receivable and the settiement of the forwardcontract derivative,
Net cash received from settiement of the receivable and forwardconisact derivative is:
c What amount of sales was recognized in the quarter ending December
s
What amount of sales was recognized in the quarter ending March
What is the total amount of sales recognized across the quarters ending December and March
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