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Assuming a forward contract was not entered into, what would be the net impact on Car Corp.’s 2018income statement related to this transaction

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Assuming a forward contract was not entered into, what would be the net impact on Car Corp.’s 2018income statement related to this transaction?

A) $ 500 (gain).

B) $ 500 (loss).

C) $ 200 (gain).

D) $ 200 (loss).

E) $ – 0 –

Answer: D

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