Business, 17.09.2019 21:30, awesomegrill
On october 30, 2020, a u. s. company forecasts that it will purchase merchandise from an italian supplier at the end of april 2021, in the amount of €100,000, and will pay the supplier on delivery. on october 30, the company enters a forward contract to buy €100,000 on april 30, 2021 and classifies it as a cash flow hedge of the forecasted purchase. on april 30, 2021, the company receives the merchandise, closes the forward contract and pays the supplier. the company's accounting year ends december 31.when the merchandise is sold by the company, what is the cost of goods sold
Answers: 1
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On october 30, 2020, a u. s. company forecasts that it will purchase merchandise from an italian sup...
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