Question: Can someone please help with b? Option contract designated as a cash flow hedge of a forecasted foreign-currency-denominated sales transaction, strengthening $ S exchange rates

 Can someone please help with b? Option contract designated as acash flow hedge of a forecasted foreign-currency-denominated sales transaction, strengthening $ Sexchange rates and related balances for the period from January 5, 2022,to June 30,2022 , are as follows: a Derived from an optionpricing model such as the Black-Scholes model b(600,000$1.30:1)(600,000$1.25:1) c(600,000$1.30:1)(600,000$1.21:1) d Fair value

Can someone please help with b?

Option contract designated as a cash flow hedge of a forecasted foreign-currency-denominated sales transaction, strengthening $ S exchange rates and related balances for the period from January 5, 2022, to June 30,2022 , are as follows: a Derived from an option pricing model such as the Black-Scholes model b(600,000$1.30:1)(600,000$1.25:1) c(600,000$1.30:1)(600,000$1.21:1) d Fair value - intrinsic value (i.e., equals the residual fair value derived from all sources except for intrinsic value [e.g., time value]) a. Prepare the journal entries to record all the adjustments required for the forecasted sale and option contract on January 5,2022, March 31,2022 , and June 30,2022. Note: If no journal entry is required, select No entry - debit and No entry - credit as your Account answers and leave the Debit and Credit amounts blank (zero). Hedged Transaction CF Hedge: Entries assuming all of excluded option value change runs through income CF Hedge: Entries assuming all of excluded option value change runs through income b. What amount of sales was recognized in the quarter ending March 31, 2022? What amount of sales was recognized in the quarter ending June 30 , 2022? Note: Use negative signs with your answers, when appropriate

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