Business, 18.11.2020 21:20 NetherisIsTheQueen
Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Curtis signed a contract to purchase ยง250,000 in sixty days. The spot rate was ยง1 = 0.33682, and the 60-day forward rate was ยง1 = $0.36842. On December 31, the spot rate was ยง1 = 0.32438 and the 30-day forward rate was ยง1 = 0.36386. At what amount should the Forward Contract account be recorded on December 1?
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Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty...
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