Business, 24.10.2019 02:30 Lizzyloves8910

On november 1, 2017, bernard company (a u. s.-based company) sold merchandise to a foreign customer for 230,000 fcus with payment to be received on april 30, 2018. at the date of sale, bernard entered into a six-month forward contract to sell 230,000 fcus. the company properly designates the forward contract as a cash flow hedge of a foreign currency receivable. the following exchange rates apply:

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On november 1, 2017, bernard company (a u. s.-based company) sold merchandise to a foreign customer...

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