LET Inc enters into a forward contract with Scotiabank at a threemonth forward rate of FC1 CDN120 One month later the rate for a twomonth forward contract is FC1 CDN122 Which of the following would result in a credit to other comprehensive income for the first month of the forward contract

Answer rating: 100% (QA)

Record a forward contract on the contract date on the balance sheet from the sellers perspect... View the full answer