Business, 06.05.2021 22:30 mattmaddox86
BC Corp., a U. S.-based company, has an India rupee account receivable resulting from an export sale on September 30 to a customer in India. ABC Corp. signed a forward contract on September 30 to sell rupees and designated it as a cash flow hedge of a recognized receivable. The spot rate was $0.023, and the forward rate was $0.021.
Required:
What the U. S. exporter allocate over the life of the forward contract?
Answers: 3
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BC Corp., a U. S.-based company, has an India rupee account receivable resulting from an export sale...
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