Jackson Corp. (a U.S.-based company) sold parts to a Korean customer on December 16, 2021, with payment of 20 million Korean won to be received on January 15, 2022. The following exchange rates applied: 
Assuming a forward contract was entered into on December 16, how would the forward contract be reflected on Jackson's December 31, 2021 balance sheet?
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Recall Information
The ability to retrieve and reproduce knowledge from one's memory.
Edit and Revise
The process of reviewing, altering, and amending content in writing to improve accuracy, readability, and coherence, as well as to ensure that it meets the required standards or intentions.
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The process of condensing important points from a larger body of work into a concise and comprehensive overview.
Left-Brain Dominant
Describes individuals who tend to be more analytical, logical, and detail-oriented, often attributed to the left hemisphere's dominance in these functions.
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