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provide the journal entry Chapter 12, Practice Question 06 On October 1, 2013, Short Compan Delivery and payment is to occur on November 30, 2014.
provide the journal entry
Chapter 12, Practice Question 06 On October 1, 2013, Short Compan Delivery and payment is to occur on November 30, 2014. The spot rates on November 30, 2014 are $1.50 and $1.30. y ordered some equipment from a supplier for 200,000 euros. October 1, 2013 and If the company acquires a forward contract to hedge any unfavorable changes in fair value of the equipment, at what amount is the equipment recorded on the books on November 30,2014? The forward rate for November 30 settlement is $1.35 Step by Step Solution
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