Question 20 1 pts A U.S. company reports a forward contract as a cash flow...
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Question 20 1 pts A U.S. company reports a forward contract as a cash flow hedge of a forecasted sale of merchandise to a U.K. customer, payment to be received in pounds. When are gains and losses on the forward contract reported in income? As the market value of the hedge investment changes When the customer pays for the merchandise When the U.S. company reports sales revenue on the sale When the anticipated sale becomes a firm commitment
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