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Question - On January 2, 2021, Biasa Company enters a forward contract to purchase on January 2, 2023, a specified number of barrels of oil at a fixed price of P3,150,000. Biasa Company does not pay anything to enter the forward contract on January 2, 2021. Biasa Company designates the forward contract as a cash flow hedge. At the end of 2021, the barrels of oil has increased by P400,000 and at the end of 2021 its fair value has declined by P350,000 at the end of 2022. What amount of unrealized forward loss should Biasa Company recognize at the end of year 2021?
The totals of the Debit and Credit columns are $36,755 and $32,735, respectively. What is the amount of net income or net loss for the period
What is the difference between a CPU chip and a GPU chip?
Compute the depreciation expense for the years indicated using the following methods. Straight-line method for 2015. Sum-of-the-years'-digits method for 2016.
The Cutting Department's ending Work in Process inventory consisted of 3,800 units that were 40% complete. What are the equivalent units for materials
Disclosure of information to investors is another recurring theme in U.S. regulation of the securities industry. Provide examples of disclosure required by U.S. regulations.
Number of presents to deliver 1,000,000. Using the Activity-Based Method, calculate the depreciation for 2019 if John distribute 40,000 presents
Suppose you were offered $10,000 every year at the same point in time for 10 years. How much would these cash flows be worth today
If the school makes decisions based on maximizing expected value, what is the expected value of the best advertising option
Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end.
Computer Frauds and Missing Control Procedures. The following are brief stories of actual employee thefts and embezzlements perpetrated in an IT environment.
The discount amortization for the year is $300. How many taxable amount of interest should be included
Refer to information in QS. If the Windshield division has excess capacity, what is the range of possible transfer prices that could be used on transfers.
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