Solution-What is the derivative asset or liability on

What is the derivative asset or liability on december

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Question - Astoria Company regularly hedges its purchase requirements and the sale of its finished products in the futures market. On November 1, 202, the entity entered into the following three contracts designated as cash flow hedge:

Types of Contract	Quantity	Future strike price	Market price 12/31/2021
Purchase cotton	100,000	85	75
Purchase wool	150,000	90	110
Sell shirts	90,000	350	400

All three contracts are to be settled on January 1, 2022. What is the derivative asset or liability on December 31, 2021?

Reference no: EM133185854

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What is the derivative asset or liability on december

Reference no: EM133185854

Reference no: EM133185854

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