in several instances neibler corporation has been engaged in transactions that were denominated or settled in foreign currencies fc

Required
For each of the above hypothetical situations, prepare a schedule to show the activity in balance sheet accounts and income statement accounts over the course of the events assuming:
(1) No hedging and
(2) Hedging. With respect to the balance sheet accounts, show the balance in the derivative just prior to settlement and ignore an analysis of cash or foreign currency balances.