Business, 22.07.2019 17:30 strawberrymrmr3432

On december 12, year 1, imp co. entered into three forward exchange contracts, each to purchase 100,000 euros in ninety days. the relevant exchange rates are as follows: spot rate forward rate (for march 12, year 2) november 30, year 1 $.87 $.89 december 12, year 1 $.88 .90 december 31, year 1 $.92 .93 at december 31, year 1, what amount of foreign currency transaction loss should imp include in income from the revaluation of the accounts payable of 100,000 euros incurred as a result of the purchase of inventory at november 30, year 1, payable in march year 2?

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On december 12, year 1, imp co. entered into three forward exchange contracts, each to purchase 100,...