Assume the same facts as in P8- 13 except that Pinware Wholesalers Inc. (Pinware) must order the
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1. Prepare journal entries to record all of the transactions, including any adjustments required on June 30, 20X3, assuming that Pinware does not use hedge accounting.
2. Prepare journal entries to record all of the transactions, including any adjustments required on June 30, 20X3, assuming that Pinware designates the hedge a fair-value hedge.
3. Prepare journal entries to record all of the transactions, including any adjustments required on June 30, 20X3, assuming that Pinware designates the hedge a cash-flow hedge.
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Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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