Question 38 1 Point ..... are a specific type of forward contract that the characteristics are standardized, the characteristics are set by futures exchanges (Rather than by the contracting parties) so performance risk is eliminated and Exchange guarantees performance. A Options B) Swaps Forward Contracts D Futures Contracts Question 39 1 Point On October 1, 2020, Alpha Co, a Saudi company, acquired goods on account from C&A Industries, a U.S. company, for $15,000,($ 1=SR 3). Settlement is made on December 1, ($1=SR 4). The journal entry in Alpha book on October 1 is A Inventory debit 60,000 and Accounts Payable credit 60,000. B Inventory debit 45,000 and Accounts Payable credit 45,000. Inventory debit 15,000 and Accounts Payable credit 15,000. D) None of the other answers