Question: Assuming the same scenario as BE7-4, the company also buys a derivative contract on January 1, 2013, for U.S. $50,000 to be received in one

Assuming the same scenario as BE7-4, the company also buys a derivative contract on January 1, 2013, for U.S. $50,000 to be received in one month. What would be reflected on the financial statements of January 15, 2013, regarding this transaction?

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