I only need B1, B2,B3 please. I already have A1-A4 ...
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Accounting
I only need B1, B2,B3 please. I already have A1-A4
Icebreaker Compary (a U.S-bascd company) purchases materiats from a foreign suppliet on December 1, 2020, weth payment of 19.000 dinas to be made on March 1, 2021. The materials are consumed immediately and recogncted as cost of goods sold at the date of porchase On December 1, 2020, icebreaker enters into a forward contract to purchase 19,000 dinars on March 1.2021. Retitiant exchange rates for the dinat on valious dates are as follows: a-1. Assuming that Icebreaker designates the forward contract as a cash fow hedge of a foreign currency payable, prepare journal entries for the import porchase and foreign currency forward contract in US. dollars. a-2. What is the impact on 2020 net income? a-3. What is the impact on 2021 net income? o-4. What is the impact on net income over the two accounting periods? b-t. Assuming that lcebreaker designates the forward contract as a fac value hedge of a foreign cunency payable, prepare journal entries for the import purchase and foreign currency forward contract in US. dollacs b.2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impoct on net income over the two accounting periods? Complete this question by entering your answers in the tabs below. Assiming that Icebreaker designstes the forward contract as a falr value hedge of a foreign currency payable, prepare journat entries for the import purchase and foreign currency forward contrad in U.S, dollars. (if no entry is required for a transaction/event, 5elect "No Joumal entey required" in the first account field. Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. b-2. What is the impact on net income in 2020 and in 2021 ? b-3. What is the impact on net income over the two accounting periods? (Do not round intermediate calculations. Negative amounts should be entered with a minus sign.)


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