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on August 25, 2017, Merury Inc. entered into a forward contract to buy 5,000 uS for $6.300 Canadian (CAD) on September 5, 2017. On August

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on August 25, 2017, Merury Inc. entered into a forward contract to buy 5,000 uS for $6.300 Canadian (CAD) on September 5, 2017. On August 31, 2017, 5,000 US can be purchased for $6,000 CAD, On bepl Merury settles the contract but does NOT take delivery of the KRB er t a. The entry to record the change in value of the contract on August 31, 2017 is On September 5, 2017, the US is trading at $1.3 CAD. The entry to record the settlement of the contract is b

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