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Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions. 🚀https://farhatlectures.com/ Connect with me on LinkedIn: ✔ / professorfarhat 💥Facebook: @accountinglectures ⬆Instagram Account: @farhatlectures Twitter: @farhatlectures Email: [email protected] #CPAEXAM#ACCOUNTINGSTUDENT#ADVANCEDACCOUNTING Explain the use of forward contracts as a hedge of an unrecognized firm commitment. In many cases, the firm enters into an agreement to purchase or sell goods where the transaction is denominated in a foreign currency. Because the exchange rate might change before the payable is paid or the receivable is Explaintheuseofforwardcontractsasahedgeofanunrecog- nized firm commitment. In many cases, the firm enters into an agreement to purchase or sell goods where the transaction is denominated in a foreign currency. Because the exchange rate might change before the payable is paid or the receivable is My website: https://farhatlectures.com/ Facebook page: / accountinglectures LinkedIn: https://goo.gl/Pp2ter Twitter: / farhatlectures Email Contact: [email protected]