Which of the following is NOT a characteristic of a forward contract? Forwards are private contracts between two private parties who interacts directly with each other Forwards maybe settled by the actual delivery of the agreed-upon commodity or net cash payment. O Forwards are customized contracts Forwards are public contracts which are mostly transacted thru an authorized public entity

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter17: Advanced Issues In Revenue Recognition
Section: Chapter Questions
Problem 4C: One of the more difficult issues that companies face in recognizing revenue is determining the...
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Which of the following is NOT a characteristic of a forward contract?
Forwards are private contracts between two private parties who interacts
directly with each other
O Forwards maybe settled by the actual delivery of the agreed-upon commodity
or net cash payment.
Forwards are customized contracts
Forwards are public contracts which are mostly transacted thru an authorized
s are
public entity
Transcribed Image Text:Which of the following is NOT a characteristic of a forward contract? Forwards are private contracts between two private parties who interacts directly with each other O Forwards maybe settled by the actual delivery of the agreed-upon commodity or net cash payment. Forwards are customized contracts Forwards are public contracts which are mostly transacted thru an authorized s are public entity
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