Assuming a Forward Contract Was Entered into on December 16

question 58

Multiple Choice

Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Car's December 31, 2018 balance sheet?

• A) Forward contract (asset).
• B) Forward contract (liability).
• C) Foreign currency (asset).
• D) Foreign currency (liability).
• E) Foreign exchange (liability)

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Definitions:

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A table that displays the potential outcomes or payoffs resulting from different actions or strategies employed by players in a game.

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A table that describes the possible outcomes of different strategies in a strategic situation, helping in decision making.