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Use of futures contracts to hedge a forecasted transaction - cash flow hedge Following are futures and spot prices for the relevant dates: Required Prepare
Use of futures contracts to hedge a forecasted transactioncash flow hedge
Following are futures and spot prices for the relevant dates:
Required
Prepare the journal entries to record the following:
a Purchase of copper futures contract in January
b Adjusting entry at March
c Purchase of copper on May
d Sale of copper on June
Note: If no entry is required, select No entry required" for both the debit and credit account titles.
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