Where in the financial statements are changes in the fair value of cash flow hedges reported
a. On the Balance Sheet as part of retained earnings
b. On the Income Statement as other gains.losses
c. As other comprehensive income and accumulated in other comprehensive income on the Balance Sheet.
d. On the Statement of Stockholder's Equity
C
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A resource used as though it belongs to all is referred to as a:
A) social good B) commons C) social bad D) free rider E) social externality
The interest coverage ratio is expressed as a percentage
Indicate whether the statement is true or false
The following information is from the December 31, 2017 balance sheet of Jackson Corporation
Preferred Stock, $100 par $270,000 Paid-In Capital in Excess of Par-Preferred 22,000 Common Stock, $1 par 69,000 Paid-In Capital in Excess of Par-Common 206,000 Retained Earnings 56,600 Total Stockholders' Equity $623,600 What is the average issue price of the preferred stock shares? (Round answers to the nearest dollar.) A) $108 B) $100 C) $167 D) $106
The Code greatly alters the common law doctrine of material breach by adopting what is known as the:
A) perfect tender rule. B) anticipatory repudiation rule. C) prevention of performance rule. D) discharge by operation of rule law.