The reported balance in the unrealized gain or loss URGL for

The reported balance in the unrealized gain or loss (URGL) for forward contract account on its 2010 balance sheet should be

Question 12 options:

$1,200

$0

$4,800

$2,400

Question 13 (3 points)

The reported change in forward contract on its 2010 cash flow statement should be

Question 13 options:

($3,600)

$3,600

($2,000)

$2,000

Solution

Q 12 .....................

Unrealised gain per unit currency = 0.36-0.32 = 0.04

Total unrealised gain = 120000*0.04 = $4800

Q 13 ..................

Sorry, I didn\'t know