Business, 26.03.2020 20:24, rntaran2002
On November 1, 2020, a U. S. company invests in a forward purchase contract for delivery of 1,000,000 Singapore dollars (S$) at $0.75/S$ on February 1, 2021. The spot rate on November 1 is $0.77/S$. At December 31, the end of the accounting year, the forward contract is still outstanding. The year-end spot rate is $0.73. The year-end forward rate for February 1 delivery of Singapore dollars is $0.735. How is the forward contract reported on the U. S. company's year-end balance sheet? A. $15,000 asset B. $40,000 asset C. $35,000 liability D. $15,000 liability
Answers: 2
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On November 1, 2020, a U. S. company invests in a forward purchase contract for delivery of 1,000,00...
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