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Question 56

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Use the following information for questions.
On August 25, 2017, Beta Inc.entered into a forward contract to buy 50,000 Krubles (KRB)for $8,300 Canadian (CAD)on September 5, 2017.On August 31, 2017, 50,000 KRB can be purchased for $8,000 CAD.On September 5, Beta settles the contract but does NOT take delivery of the KRB.
-The entry to record the change in value of the contract on August 31, 2017 is Use the following information for questions. On August 25, 2017, Beta Inc.entered into a forward contract to buy 50,000 Krubles (KRB)for $8,300 Canadian (CAD)on September 5, 2017.On August 31, 2017, 50,000 KRB can be purchased for $8,000 CAD.On September 5, Beta settles the contract but does NOT take delivery of the KRB. -The entry to record the change in value of the contract on August 31, 2017 is

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