Question

Assuming that MNC entered into a forward contract to sell 10 million South Korean won on December 1, 2011, as a fair value hedge of a foreign currency receivable, what is the net impact on its net income in 2011 resulting from a fluctuation in the value of the won?
a. No impact on net income.
b. $58.80 decrease in net income.
c. $2,000 decrease in net income.
d. $1,941.20 increase in net income.



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  • CreatedOctober 04, 2014
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