Hedges of Unrecognized Foreign Currency Firm Commitments | Accounting
Amerco does not enter into a hedge of its export sale until it actually makes the sale. Assume now that on December 1, 2009, Amerco receives and accepts an order from a German customer to deliver goods on March 1, 2010, at a price of 1 million euros. Assume further that under the terms of the sales agreement, Amerco will [...]