Which of the following best describes the accounting treatment for derivative instruments not held for purposes of hedging?
a. Record as an asset or liability and recognize changes in fair value in other comprehensive income.
b. Do not record as an asset or liability, record income from the transaction at maturity and recognize in earnings.
c. Record as an asset or liability, recognize changes in fair value currently in earnings.
d. Record as an asset or liability if off-balance sheet risk is material.
C
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Studies show most effective sentences in business messages have an average length of ______.
A. five to 10 words B. 10 to 15 words C. 15 to 20 words D. 20 to 40 words
The person to whom an offer is made is an offeree
a. True b. False Indicate whether the statement is true or false
The committee that is responsible for holding hearings on tax legislation for the House of Representatives is the
A. Ways and Means Committee. B. Finance Committee. C. Joint Committee on Taxation. D. Conference Committee.
________, ________, and ________ are the three major credit bureaus
Fill in the blank(s) with the appropriate word(s).