NO.PZ2020021205000050
问题如下：
A company enters into a futures contract to buy 10,000 units of an asset for USD 50 per unit in three years. At the end of the first year, the futures price is USD 45. At the end of the second year, the futures price is USD 52. The contract is closed out during the third year when the futures price is USD 54.
What is the accounting for the profit or losses from the trade each year if the company
选项：
解释：
If the company is able to use hedge accounting, all the total profit of USD 40,000 ((54 - 50) * 10,000) is realized in the third year.
If the company is not able to use hedge accounting, there is a USD 50,000 loss in the first year ((45 - 50) * 10,000), a USD 70,000 profit in the second year ((52 - 45) * 10,000), and a USD 20,000 profit in the third year ((54 - 52) * 10,000).
如题
