Business, 12.10.2021 19:40, aimeeoconnor20p6b43o
On October 1, 2021, Eagle Company forecasts the purchase of inventory from a British supplier on February 1, 2022, at a price of 100,000 British pounds. On October 1, 2021, Eagle pays $1,800 for a three-month call option on 100,000 pounds with a strike price of $2.00 per pound. The option is considered to be a cash flow hedge of a forecasted foreign currency transaction. On December 31, 2021, the option has a fair value of $1,600. The following spot exchange rates apply:
Date Spot Rate
October 1, 2021 $2.00
December 31, 2021 $1.97
February 1, 2022 $2.01
Required:
What journal entry should Eagle prepare on December 31, 2021?
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 04:30, skyvargasov9cad
Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?
Answers: 3
Business, 22.06.2019 09:40, watervliet2586
The relationship requirement for qualifying relative requires the potential qualifying relative to have a family relationship with the taxpayer. t or fwhich of the following is not a from agi deduction? a. standard deductionb. itemized deductionc. personal exemptiond. none of these. all of these are from agi deductions
Answers: 3
Business, 22.06.2019 17:10, lerasteidl
To : of $25 up to 35 2 35 up to 45 5 45 up to 55 7 55 up to 65 20 65 up to 75 16 is$25 up to $35 ?
Answers: 1
Do you know the correct answer?
On October 1, 2021, Eagle Company forecasts the purchase of inventory from a British supplier on Feb...
Questions in other subjects:
History, 02.10.2019 18:40
Business, 02.10.2019 18:40
Mathematics, 02.10.2019 18:40
Chemistry, 02.10.2019 18:40
Mathematics, 02.10.2019 18:40
