Question: Can someone help answering question c.? Forward exchange contract designated as a fair value hedge of a foreign-currency-denominated accounts receivable, weakening $ SS receivable and
Can someone help answering question c.?


Forward exchange contract designated as a fair value hedge of a foreign-currency-denominated accounts receivable, weakening $ SS receivable and forward contract on October 15 , 2021, December 31 , 2021, and January 15 , 2022. When computing fair values, ignore discounting. a For settlement on January 15,2022 b Ignore discounting in the computation of fair values. a. Prepare the journal entries to record the sale and all adjustments required for the accounts receivable and forward contract at October 15, 2021 , December 31, 2021 , and January 15, 2022. Note: If no entry is required, select "No entry" as your answers under Description and leave the debit and credit answers blank (zero). FV Hedge b. Reconcile to the forward rate at the forward contract's inception the net cash received for both the settlement of the receivable and the settlement of the forward-contract derivative. Net cash received from settlement of the receivable and forward-contract derivative is: q c. What amount of sales was recognized in the quarter ending December 31, 2021? $ x What amount of sales was recognized in the quarter ending March 31, 2022? $ What is the total amount of sales recognized across the quarters ending December 31, 2021, and March 31, 2022
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