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REQ A Record purchase of foreign currency option as an asset. 2 Record entry for order placed with foreign supplier. 3 Record the entry to
REQ A
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Record purchase of foreign currency option as an asset.
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2
Record entry for order placed with foreign supplier.
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3
Record the entry to recognize the increase in the value of the foreign currency option.
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4
Record entry to recognize the decrease in the time value of the option as an expense.
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5
Record the entry to recognize the increase in the value of the foreign currency option.
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6
Record gain or loss on the foreign currency option.
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7
Record the sale.
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8
Record the receipt of marks.
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9
Record entry to transfer the amount accumulated in AOCI.
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