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Required: Read the case facts below. Based on these facts, write a memo to Mr. Stone in response to his request. Explain the accounting treatment that is required, and properly cite the supporting authoritative literature. Jackson Ski Resort is required to prepare annual financial statements in accordance with U.S. generally accepted accounting principles (GAAP). Use the Financial Accounting Standards Board Accounting Standards Codification for your research and citations. Your textbook is NOT an appropriate resource for citations because it is NOT the source for GAAP. my accounting research skills are really rusty (and you know I hate reading the authoritative literature!), so I need you to explain to me how to account for our bond investment. Before you guys come in to start the audit, please send me a memo detailing the proper accounting for these bonds. In your memo, please include any additional investment-related journal entries I need to make for the fiscal year ending 6/30/16. I've included below the acquisition journal entry and the first coupon payment journal entry I made for our bond investment along with the bond contract details. In your memo, please include the citations from the authoritative literature so that I can incorporate those into our accounting policies documentation. Thanks! I look forward to receiving your memo

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