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Business, 27.08.2019 22:30 glocurlsprinces

On september 30, we enter into a futures contract to hedge the value of gold which we will use in our manufacturing process and report on our balance sheet at $500,000. on december 31, the market value of gold has declined to $450,000. however, the futures contract that we had purchased increased in value by $45,000. submission requirements: prepare a powerpoint slide presentation illustrating the following: the basics of a hedge instrument recognition criteria under a gaap versus ifrs basis how much net profit or loss will we recognize? how any profit or loss will be recognized under a gaap basis

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