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Business, 24.12.2020 02:00 KyiahDenise

On November 1, 2017, National Company sold inventory to a foreign customer. The account will be settled on March 1 with the receipt of 200,000 foreign currency units (FCU). On November 1, National also entered into a forward contract to hedge the exposed asset. The forward rate is $0.80 per unit of foreign currency. National has a December 31 fiscal year-end. Spot rates on relevant dates were:

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On November 1, 2017, National Company sold inventory to a foreign customer. The account will be sett...

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