refer to p8 5 and assume that the remaining payment of us 20000 is due on january 1 20×9 fx enters into a forward contract with a bank on december 1

/in /by

Required
1. Should FX Corporation use hedge accounting in this situation? Why or why not?
2. Prepare all relevant journal entries related to the purchase of the equipment and the hedge for 20X8 and 20X9.