Derivative instruments acquired to hedge exposure to changes in the fair values of assets or liabilities are fair value hedges. Fair value hedges are
a. hedges of a recognized asset or liability (or an identified portion of a recognized asset or liability), only.
b. hedges of an unrecognized firm commitment (or an identified portion of that commitment), only.
c. hedges on some or all of the cash flows of a recognized asset or liability, only.
d. hedges on some or all of the cash flows of forecasted transactions, only.
e. hedges of a recognized asset or liability (or an identified portion of a recognized asset or liability), and hedges of an unrecognized firm commitment (or an identified portion of that commitment).
E
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For a T account, an account balance is the difference in total dollars between total debit footings and total credit footings
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If a company's rate of return on common stockholders' equity is greater than its rate of return on total assets, the company is effectively using leverage
Indicate whether the statement is true or false
A college professor copies seven chapters from a book called "How to Get Better Grades—A Creative Approach to College Success!" There are ten chapters in the book. She incorporates this material into a packet of material that is printed in her college's copy center. The packet is then placed in the local book store and is placed on the required materials list for students to purchase. The
author of the book on getting better grades believes the professor has violated his copyright. a. The author is right. The professor should not have copied the chapters and placed them for sale in the bookstore. b. The author is technically correct. However, even though an infringement occurred, he cannot sue the professor since educational personnel are exempt from liability under copyright law. c. The author is not correct. Under the "fair use doctrine" a college professor can copy material and distribute it to students for educational purposes. d. The author is not correct. It does not appear that the professor actually made any money from the alleged copyright infringement.