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On November 1 , 2 0 1 7 , United States Company sold inventory to a foreign customer. The account will be settled on March
On November United States Company sold inventory to a foreign customer. The account will be settled on March with the receipt of foreign currency units FCU On November United States Company also entered into a forward contract to hedge the exposed asset. The forward rate is $ per unit of foreign currency. United States Company has a December fiscal yearend. Spot rates on relevant dates were:
tableDatePer Unit of Foreign CurrencyNovember $
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