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Question 8 (3 Marks) Should the following be considered hedged items under [FRS 9? (a) A company has signed a contract to purchase goods from
Question 8 (3 Marks) Should the following be considered hedged items under [FRS 9? (a) A company has signed a contract to purchase goods from a supplier in South Korea in six months. The company enters a forward exchange contract to buy wons (the currency of South Korea) in six months. (b) A company has a potential customer located in France who is considering the purchase of one of its high-powered luxury ferries within the next six months. The company enters a forward exchange contract to sell euros in six months
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