Refer to Practice 19-3. Make any necessary journal entry on the golf course developers books on December

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Refer to Practice 19-3. Make any necessary journal entry on the golf course developer’s books on December 31 of Year 1 in connection with the tree forward contract, assuming that the price per tree on that date is

(1) $250,

(2) $600, and

(3) $400.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:21 AM

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Refer to Practice 19-3. Make any necessary journal entry on the golf course developers books on December

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The tree forward contract is a cash flow hedge 1 Price of trees 250 Other Comprehens...View the full answer

Intermediate Accounting

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