Firms often acquire derivative instruments to hedge interest rate, exchange rate, commodity price, and other risks. U.S. GAAP and IFRS classify derivatives into which of the following categories?
a. Fair value hedges of a recognized asset or liability or of an unrecognized firm commitment, only.
b. Cash flow hedges of an existing asset or liability or of a forecasted transaction, only.
c. Nonhedging derivative, only.
d. Fair value hedges of a recognized asset or liability or of an unrecognized firm commitment, cash flow hedges of an existing asset or liability or of a forecasted transaction, and nonhedging derivative.
e. none of the above
E
You might also like to view...
Which of the following is not included in the SCOR model as one of the five basic components of supply chain management?
a. Plan b. Source c. Deliver d. Receive
Corrective Email To Staff Analyze the following email message for content, formatting, and email practices. Revise the message. To: Staff Subject: Changes It has come to my attention that some of you apparently do not have enough work to keep yourselves
busy. In the past six months, since I assumed the position as your boss, I have observed many of you playing computer games, making personal phone calls, and spending far too much time in personal conversations with each other. We have far too much work in this department for all of you to waste time like this. Effective immediately, the following changes will be enforced: (a) No personal use of the computer will be tolerated. (b) No personal phone calls should be made except in case of emergency. (c) Conversations must be limited to break time and lunchtime, in the lunchroom only. I expect your cooperation. Thank you. Just a final reminder that we will have a staff meeting tomorrow at 3 p.m.
A company's values relate to such things as
A. how it will balance the pursuit of its business purpose/mission against the pursuit of its strategic vision. B. fair treatment, integrity, ethical behavior, innovativeness, teamwork, top-notch quality, superior customer service, social responsibility, and community citizenship. C. whether it will put more emphasis on the achievement of short-term performance targets or long-range performance targets. D. how it will balance its pursuit of financial objectives against the pursuit of its strategic objectives. E. whether it will emphasize stock price appreciation or higher dividend payments to shareholders.
The balance needed in an account in order to make a series of payments from the account is called the
A) present value of an ordinary annuity. B) annuity due. C) future value of an annuity. D) ordinary annuity.