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The discount factor corresponding to the company's incremental borrowing rate for 6 months is 0.94 Assume that Amazing Corporation enters a forward contract on October

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The discount factor corresponding to the company's incremental borrowing rate for 6 months is 0.94 Assume that Amazing Corporation enters a forward contract on October 1, 2001 to sell 100,000 six months hence, on April 1, 2002. How should Amazing Corporation report the forward contract on its December 31, ?2001 financial statements liability $940 liability $950 Asset $940 Asset $950

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