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Levin Company Entered into a Forward Contract to Speculate in the Foreign

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Levin Company entered into a forward contract to speculate in the foreign currency. It sold 100,000 foreign currency units under a contract dated November 1, 20X8, for delivery on January 31, 20X9: Levin Company entered into a forward contract to speculate in the foreign currency. It sold 100,000 foreign currency units under a contract dated November 1, 20X8, for delivery on January 31, 20X9:   In its income statement for the year ended December 31, 20X8, what amount of loss should Levin report from this forward contract? A)  $0 B)  $300 C)  $200 D)  $100 In its income statement for the year ended December 31, 20X8, what amount of loss should Levin report from this forward contract?


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