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On October 3 0 , 2 0 2 0 , a U . S . company receives a purchase order from a customer in Spain.
On October a US company receives a purchase order from a customer in Spain. Under the sale terms, the customer will pay the company on April On October the US company also enters a forward contract to sell on April The company delivers the merchandise to the customer on November On April the company receives from the customer and sells it using the forward contract. The company's accounting year ends December
tableSpot Rate,Forward Rate forOctober Delivery,,November $$
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