Levin company entered into a forward contract to speculate in the foreign currency.It sold 100,000 foreign currency units under a contract dated November 1,2008,for delivery on January 31,2009: In its income statement for the year ended December 31,2008,what amount of loss should Levin report from this forward contract?
A)$0
B)$300
C)$200
D)$100

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The Answer of Levin company entered into a forward contract to speculate in the foreign currency.It sold 100,000 foreign currency units under a contract dated November 1,2008,for delivery on January 31,2009: In its income statement for the year ended December 31,2008,what amount of loss should Levin report from this forward contract?
A)$0
B)$300
C)$200
D)$100

Levin Company Entered into a Forward Contract to Speculate in the Foreign