At what amount would camco record the forward contract, Accounting Basics

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At what amount would camco record the forward contract

On June 1, CamCo received a signed agreement to sell inventory for 500,000. The sale would take place in 90 days. CamCo immediately signed a 90-day forward contract to sell yen as soon as they are received. The spot rate on June 1 was 1 = $.004167, and the 90-day forward rate was 1 = $.00427. At what amount would CamCo record the Forward Contract on June 1st?

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Accounting Basics: At what amount would camco record the forward contract

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Recent Questions Asked Accounting Basics

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Accounting Basics: At what amount would camco record the forward contract

Reference No:- TGS064664

Recent Questions Asked Accounting Basics

Q : Early beginning of our history filled me with wonder

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