Use the Following Information for Questions 18-19

question 42

Short Answer

Use the following information for questions 18-19.
On August 25, 2020, Beta Inc. entered into a forward contract to buy 25,000 Krubles (KRB) for $ 3,800 Canadian (CAD) on September 5, 2020. On August 31, 2020, 25,000 KRB can be purchased for $ 3,500 CAD. On September 5, Beta settles the contract but does NOT take delivery of the KRB.
-The entry to record the change in value of the contract on August 31, 2020 is

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Definitions:

Dissociative Disorder

A mental health condition involving a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Controversial

Pertaining to or subject to dispute or disagreement, often generating extensive public debate and differing opinions.

Bulimia Nervosa

Eating disorder in which an individual (typically female) consistently follows a binge-and-purge eating pattern.

Perfectionism

The tendency to demand of others or oneself an extremely high or even flawless level of performance, in excess of what is required by the situation.