Use the Following Information to Answer the Question(s) Below

question 23

Multiple Choice

Use the following information to answer the question(s) below.

On December 1, 2014, Thomas Company, a U.S. corporation, purchases inventory from a vendor in Italy for 400,000 euros. Payment is due in 90 days. To hedge the transaction, Thomas signs a forward contract to buy 400,000 euros in 90 days at $1.3670. Thomas uses a discount rate of 6% (present value factor for 30 days = .9950; 60 days = .9901; 90 days = .9851) . Assume the forward contract will be settled net and this is a cash flow hedge. Currency exchange rates are shown below:


-What is the fair value of the forward contract at December 31,2014?

• A)$400.00 liability
• B)$400.00 asset
• C)$396.04 liability
• D)$396.04 asset

Identify the anatomical structure and function of bones.

Understand the process of bone formation, growth, and healing.

Comprehend the organization and function of skeletal system components.

Recognize types and functions of bone cells.

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