Assuming a forward contract was entered into on December 16, what would be the net impact on Car Corp.'s 2019 income statement related to this transaction?
A) $ 500 (gain).
B) $ 500 (loss).
C) $ 300 (gain).
D) $ 300 (loss).
E) $0.

Question

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The Answer of Assuming a forward contract was entered into on December 16, what would be the net impact on Car Corp.'s 2019 income statement related to this transaction?
A) $ 500 (gain).
B) $ 500 (loss).
C) $ 300 (gain).
D) $ 300 (loss).
E) $0.

Assuming a Forward Contract Was Entered into on December 16