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    Intermediate Accounting Study Set 14
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    Exam 15: Financial Instruments: Complex Debt and Equity
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    A Forward Contract Is
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A Forward Contract Is

Question 81

Question 81

Multiple Choice

A forward contract is:


A) The right to sell something in the future.
B) An obligation to buy or sell something in the future.
C) A debt instrument.
D) The right to buy something in the future.

Correct Answer:

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