Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
Brandlin Company of Anaheim, California, sells parts to a foreign customer on December 1, 2015, with payment of 16,000 korunas to be received on March 1, 2016. Brandlin enters into a forward contract on December 1, 2015, to sell 16,000 korunas on March 1, 2016. Relevant exchange rates for the koruna on various dates are as follows:
Brandlin Company of Anaheim, California, sells parts to a foreign
Brandlin’s incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent (1 percent per month) is 0.9803. Brandlin must close its books and prepare financial statements at December 31.
a. Assuming that Brandlin designates the forward contract as a cash flow hedge of a foreign currency receivable and recognizes any premium or discount using the straight-line method, prepare journal entries for these transactions in U.S. dollars. What is the impact on 2015 net income? What is the impact on 2016 net income? What is the impact on net income over the two accounting periods?
b. Assuming that Brandlin designates the forward contract as a fair value hedge of a foreign currency receivable, prepare journal entries for these transactions in U.S. dollars. What is the impact on 2015 net income? What is the impact on 2016 net income? What is the impact on net income over the two accountingperiods?
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Assignment HelperI will cover all the points which you have mentioned in your project details. |
$101 | Chat With Writer |
ONLINE |
Top Class EngineersGive me a chance, i will do this with my best efforts |
$29 | Chat With Writer |
ONLINE |
Best Coursework HelpI am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time |
$109 | Chat With Writer |
ONLINE |
Assignment HubYou can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you! |
$57 | Chat With Writer |
ONLINE |
Top Essay TutorYou can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you! |
$104 | Chat With Writer |
ONLINE |
Isabella K.I have read your project details. I can do this within your deadline. |
$106 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.