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Please explain the solution in details, thank you 4. The following information pertains to Flint Co 's sale of 10,000 foreign currency units under a
Please explain the solution in details, thank you
4. The following information pertains to Flint Co 's sale of 10,000 foreign currency units under a forward contract dated November 1 of the current year for delivery on Jan 31 of the following year: 5 Flint entered into the forward contract in order to speculate in the foreign currency. In Flint's income statement for the current year ended December 31, what amount of FX Gain or Loss should be reported from this forward contractStep by Step Solution
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