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Assuming a Forward Contract Was Entered into on December 16

Question 58

Multiple Choice

Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Car's December 31, 2018 balance sheet?


A) Forward contract (asset) .
B) Forward contract (liability) .
C) Foreign currency (asset) .
D) Foreign currency (liability) .
E) Foreign exchange (liability)

Correct Answer:

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