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Assuming a Forward Contract Was Not Entered Into, What Would

Question 99

Multiple Choice

Assuming a forward contract was not entered into, what would be the net impact on Car Corp.'s 2018 income statement related to this transaction?

A) $ 500 (gain) .
B) $ 500 (loss) .
C) $ 200 (gain) .
D) $ 200 (loss) .
E) $ - 0 -

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