look at pictures below or transcript. it is very clear from my side On 1112020, a U.S.fm
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look at pictures below or transcript. it is very clear from my side
On 1112020, a U.S.fm purchased Inventory from a foreign company for 6,000 CAD Canadian dollars The accounts payable is to be paid on 322021. On the same date 11.2000 the US.fm then hedged the accounts payable with a forward contract to buy 8,000 CAD Canadian doon 32/2021. The appropriately documented that the hedge would be a far value hedge. The appropriate exchange rate for CAD Canadian dollars are given below 11/2010 Spotatis $0.83 $0.50 Forward to 130/2018 $0.16 $0:01 12/312020 12/2021 $0.79 $0.79 Prepare of the required palettes for the Unit for the purchase of account and read on 11/12000 though 32/2021. PDATE your journal entries On 11/1/2020, a U.S. firm purchased inventory from a foreign company for 6,000 CAD Canadian dollars. The accounts payable is due to be paid on 3/2/2021. On the same date, 11/1/2020, the U.S. firm then hedged the accounts payable with a forward contract to buy 6,000 CAD Canadian dollars on 3/2/2021. The firm appropriately documented that the hedge would be a fair value hedge. The appropriate exchange rates for CAD Canadian dollars are given below. 11/1/2020 Spot rates $0.83 $0.80 Forward rate to 1/30/2018 $ 0.86 $0.81 12/31/2020 3/2/2021 $0.79 $0.79 Prepare all the required journal entries for the U.S. firm for the purchase on account and the hedge from 19/1/2020 through 3/2/2021. Please DATE your journal entries. On 11/1/2020, a U.S.firm purchased inventory from a foreign company for 6,000 CAD Canadian dollars. The accounts payable is due to be paid on 3/2/2021. On the same date, 11/1/2020, the U.S. firm then hedged the accounts payable with a forward contract to buy 6,000 CAD Canadian dollars on 3/2/2021. The firm appropriately documented that the hedge would be a fair value hedge. The appropriate exchange rates for CAD Canadian dollars are given below. 11/1/2020 Spot rates $0.83 $0.80 Forward rate to 1/30/2018 $0.86 $ 0.81 12/31/2020 3/2/2021 $0.79 $ 0.79 Prepare all the required iournal entries for the U.S. firm for the purchase on account and the hedge from 11/1/2020 through 3/2/2021. Please DATE vour iournal entries. On 1112020, a U.S.fm purchased Inventory from a foreign company for 6,000 CAD Canadian dollars The accounts payable is to be paid on 322021. On the same date 11.2000 the US.fm then hedged the accounts payable with a forward contract to buy 8,000 CAD Canadian doon 32/2021. The appropriately documented that the hedge would be a far value hedge. The appropriate exchange rate for CAD Canadian dollars are given below 11/2010 Spotatis $0.83 $0.50 Forward to 130/2018 $0.16 $0:01 12/312020 12/2021 $0.79 $0.79 Prepare of the required palettes for the Unit for the purchase of account and read on 11/12000 though 32/2021. PDATE your journal entries On 11/1/2020, a U.S. firm purchased inventory from a foreign company for 6,000 CAD Canadian dollars. The accounts payable is due to be paid on 3/2/2021. On the same date, 11/1/2020, the U.S. firm then hedged the accounts payable with a forward contract to buy 6,000 CAD Canadian dollars on 3/2/2021. The firm appropriately documented that the hedge would be a fair value hedge. The appropriate exchange rates for CAD Canadian dollars are given below. 11/1/2020 Spot rates $0.83 $0.80 Forward rate to 1/30/2018 $ 0.86 $0.81 12/31/2020 3/2/2021 $0.79 $0.79 Prepare all the required journal entries for the U.S. firm for the purchase on account and the hedge from 19/1/2020 through 3/2/2021. Please DATE your journal entries. On 11/1/2020, a U.S.firm purchased inventory from a foreign company for 6,000 CAD Canadian dollars. The accounts payable is due to be paid on 3/2/2021. On the same date, 11/1/2020, the U.S. firm then hedged the accounts payable with a forward contract to buy 6,000 CAD Canadian dollars on 3/2/2021. The firm appropriately documented that the hedge would be a fair value hedge. The appropriate exchange rates for CAD Canadian dollars are given below. 11/1/2020 Spot rates $0.83 $0.80 Forward rate to 1/30/2018 $0.86 $ 0.81 12/31/2020 3/2/2021 $0.79 $ 0.79 Prepare all the required iournal entries for the U.S. firm for the purchase on account and the hedge from 11/1/2020 through 3/2/2021. Please DATE vour iournal entries
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