Use the following information for questions 1 to 3: On December 12, 2022, DD Company

entered into three forward exchange contracts, each to purchase 100,000 Foreign Currency
Units (FCUs) in 90 days. The relevant exchange rates:

Forward Rate for March 12, 2023

SPOT RATE
December 12, 2022 P .88 P .90
December 31, 2022 .98 .93

1. DD entered into the first forward contract to manage the foreign currency risk from a
purchase of inventory in November 2022, payable in March 2023. The forward contract
is not designated as a hedge. At December 31, 2022, what amount of foreign currency
transaction gain should DD include in income from this forward contract? ___________
2. DD entered into the second forward contract to hedge a commitment to purchase
equipment being manufactured to DD’s specifications. At December 31, 2022, what
amount of foreign currency transaction gain should DD include in income from this
forward contract? __________
3. DD entered into the third forward contract for speculation. At December 31, 2022, what
amount of foreign currency transaction gain should DD include in income from this
forward contract? __________

4. Property was purchased on December 31, 2019 for 20 million baht. The general price
index in the country was 60.1 on that date. On December 31, 2021, the general price
index had risen to 240.4. If the entity operates in a hyperinflationary economy, what
would be the carrying amount in the financial statements of the property after
restatement? _______________

In the final settlement, how much did Tan receive? __________________