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On October 1, 2013, Eagle Company Forecasts the Purchase of Inventory

question 86

Multiple Choice

On October 1, 2013, Eagle Company forecasts the purchase of inventory from a British supplier on February 1, 2014, at a price of 100,000 British pounds. On October 1, 2013, Eagle pays $1,800 for a three-month call option on 100,000 pounds with a strike price of $2.00 per pound. The option is considered to be a cash flow hedge of a forecasted foreign currency transaction. On December 31, 2013, the option has a fair value of $1,600. The following spot exchange rates apply: $\begin{array}{|l|c|}\hline \text { Date } & \text { Spot Rate } \\\hline \text { October 1, 2013 } & \$ 2.00 \\\hline \text { December 31,2013 } & \$ 1.97 \\\hline \text { February 1,2014 } & \$ 2.01 \\\hline\end{array}$ What is the amount of Adjustment to Accumulated Other Comprehensive Income for 2014 from these transactions?

Assess the role of government and public institutions in promoting ethical society and addressing inequalities.

Understand the application of Rawls's model to social justice, criminal justice, and social institutions.

Grasp Rawls's stance on the relationship between moral judgments and actions.

Understand Rawls's view on the importance of society ensuring participation and meaningful work for its citizens.

Definitions:

Republicans

A political party in the United States that traditionally champions conservative ideologies, including limited government, lower taxes, and a free-market economy.

Northern Democrats

A faction of the Democratic Party in the United States before the Civil War, mainly based in the North, known for their diverse views on slavery.

Placidity

A state of calmness and tranquility, often describing a peaceful and undisturbed environment or demeanor.

Progressive Era

A period of widespread social activism and political reform across the United States, from the 1890s to the 1920s, aiming to address problems caused by industrialization and urbanization.