The Answer is Maplehauff Inc. Balance Sheet as at December 31, 2019 Assets Accounts Receivable [US $ 600 , 000 × 1.2455 ] $ 747 , 300 Forward contract $ 12 , 000 \begin{array}{|l|r|}\hline \text { Assets } & \\\hline \text { Accounts Receivable [US } \$ 600,000 \times 1.2455] & \$ 747,300 \\\hline \text { Forward contract } & \$ 12,000 \\\hline\end{array} Assets Accounts Receivable [US $600 , 000 × 1.2455 ] Forward contract $747 , 300 $12 , 000

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Maplehauff Inc

question 3

Essay

Maplehauff Inc. sells lumber to a number of clients around the world. On December 1, 2019 the company shipped some lumber to a client in the U.S. The selling price was established at US$600,000 with payment to be received on March 1, 2020. On December 3, 2019 the company entered into a hedge with a Canadian Bank at the 90 day forward rate of US$1 = CDN$1.275. The forward contract was designated as a cash flow hedge of the amount due from the American customer. Maplehauff uses the net method to record the forward contract.

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Adult Americans

Individuals over the age of 18 living in the United States of America.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, 5th Edition, a handbook used by healthcare professionals as the authoritative guide to diagnosing mental disorders.

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, such as depression, anxiety disorders, schizophrenia, and bipolar disorder.

Describing Symptoms

The act of articulating or detailing the signs and indications of a disease or condition experienced by an individual.