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please calculate the last part. thank you Assume this dernative qualfies as a far value hedge, and our companys functional cornency and neporting computing fair
please calculate the last part. thank you
Assume this dernative qualfies as a far value hedge, and our companys functional cornency and neporting computing fair valuec, ignore drscounting. * For sestemert on january 20,2022 Alevore dacounting in the computation of fair values. a. Prepare the journal entries to recond the purchase and al adyintments required for the actounts payable and forward tontract at Oxtober 20, 2021, December 31, 2021, and january 20, 2022. Note: if no eritry is required, select "No enty" as your arawers under Description and leave the debit and credt answers blank (zero) Hedked Transaction h. Reconcle to the forward rate at the forward contracts incepton the net cash pad foe hoch the semtirnent of the payable and the settiement of the forward-contract derivative. Note: Do ont use a negative sign with your answer. Net cash paid for settement of the payable and forward contract derivaive is x What amount of cost of poods sold was recogered in the quarter endint Marth 31, 202z? * March 31, 2022 ? x Step by Step Solution
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