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On June 1, Cagle Co. received a signed agreement to sell inventory for 650.000 The sale would take place in 90 days Cagle immedutely
On June 1, Cagle Co. received a signed agreement to sell inventory for 650.000 The sale would take place in 90 days Cagle immedutely signed a 90-day forward contact to sell the yen as soon as they are received The spot rate on June 1 was 1-$0.003986, and the 90-day forward rate was wt-50.004021 At what amount would Cagle record the Forward Contract on June 1 Multiple Choice $261366 0 0 50 $219090 $2.275.00 $1992.00
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
