- This topic has 1 reply, 2 voices, and was last updated 11 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi Mike
i am stuck at the adjustment for:
(F)Walker entered into a futures contract during the year to hedge a forecast sale in the year ended 31 oct 20×9. the futures contract was designated and documented as a cash flow hedge. at 31 oct 20×8, had the forecast sale occurred, Walke would have suffered a loss of $1.9m and the futures contract was standing at a gain of $2m. No accounting entries have been made to record the futures contract. ( Year end 31 Oct 20×8 ).
please can you help?
many thanks
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.