Question: x entered into a forward contract on dec 1 , 2 0 2 4 to deliver us 1 0 0 , 0 0 0 to

x entered into a forward contract on dec 1,2024 to deliver us 100,000 to receive c 115,000 at a future date. x designated the contract as fair value hedge of an existing us 100,000 accounts receivable. At dec. 31,2024 the forward rate for this contract was us 1=c1.14. how would x report the exchange on this forward contract?

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