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Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Car’s December 31, 2018 balance sheet

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Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Car’s December 31, 2018 balance sheet?

A) Forward contract (asset).

B) Forward contract (liability).

C) Foreign currency (asset).

D) Foreign currency (liability).

E) Foreign exchange (liability)

Answer: A

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