What net dollar impact will this hedge have on earnings

Reference no: EM133608035

Question: The second transaction relates to a futures contract from March 1 of last year used to hedge the risk of change in the value of our inventory. As of the end of December, we had an unrealized gain of $12,000 on the futures contract and a $12,050 unrealized loss due to a decrease in the fair value of the inventory. Enter profits as positive whole dollars and losses as negative whole dollars (use a "-" to reflect a negative such as "-1750") What net dollar impact will this hedge have on current earnings?

Reference no: EM133608035

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