According to ASC 815, which of the following is not an underlying? a. A security price. b.
Question:
According to ASC 815, which of the following is not an underlying?
a. A security price.
b. A monthly average temperature.
c. The price of a barrel of oil.
d. The number of foreign currency units.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
According to ASC 815 the underlying for a derivative is not b A monthly average temperature Heres wh...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 9781260165111
12th Edition
Authors: Theodore Christensen, David Cottrell, Cassy Budd
Question Posted:
Students also viewed these Business questions
-
larussa inc is preparing its annual budgets for the year ending december 31, 2011 accounting assistants furnish the data shown sales budget product 4 anticipated volume in units 450,000 unit selling...
-
Examine how different structures in two different organizations can be successful although they are completely opposite as to how they define and divide work within their organizations. Use examples...
-
Select the correct answer for each of the following questions. 1. According to ASC 815, which of the following is not an underlying? a. A security price. b. A monthly average temperature. c. The...
-
Why is an increase in price more likely to decrease the total revenue of a seller in the long run than in the short run?
-
The focal length for light that strikes near the center of a spherical convex lens is 15 cm. Referring to Figure 27-23, will the focal length for light that strikes near the edge of the lens be...
-
_______ In the t test for a mean, the level of significance increases if the population standard deviation increases, holding the sample size constant.
-
Repeat the calculations of Example 9.5, but for a total solution normality of 0.5. Data From Example 9.5:- For the Cu 2+ /Na + exchange with a strong-acid resin, show how the fraction CuR2 in the...
-
Hart Computer Company has been purchasing carrying cases for its portable computers at a delivered cost of $68 per unit. The company, which is currently operating below full capacity, charges factory...
-
Suppose a home's UATOTAL for heating is 1500 BTU/hr-F. Suppose the average outdoor temperature over a day is 28F and the desired indoor temperature is 68 F. Any electricity the heating system uses...
-
A decrease in the intrinsic value of a fair value hedge is accounted for as a. A decrease of current earnings. b. Not recorded because the exchange transaction has not yet occurred. c. A decrease of...
-
Match the items in the left-hand column with the descriptions/explanations in the right-hand column. Items Descriptions/Explanations 1. Direct exchange rate 2. Indirect exchange rate A. Exchange rate...
-
Management accounting differs from financial accounting in a number of ways. Indicate whether each of the following characteristics relates to management accounting (MA) or financial accounting (FA):...
-
One year ago, ABC Ltd purchased a machine for 600,000. The machine was expected to produce a gross margin of 120,000 per year and was assumed to have an economic life of six years. The company now...
-
How are the approaches of the trade-off theory and the pecking order theory different? What are the conclusions of the two theories?
-
Why, in your opinion, is the foreign exchange market so large? What attracts participants to the market?
-
Why are ratios so commonly used? What precautions are called for in their use?
-
According to the capital structure theory, companies with promising business opportunities should strive to maintain a conservative capital structure. Why?
-
A water-filled reactor of 50 ft3 is at 2000 lbf/in 2, 550 F and located inside an insulated containment room of 5000 ft3 that has air at 1 atm. and 77 F. Due to a failure the reactor ruptures and the...
-
Use integration by parts to evaluate the following. Check your answer by taking the derivative. x2e-xdx
-
How do interperiod income tax allocation procedures affect consolidation elimination entries in the period in which intercompany profits unrealized as of the beginning of the period are realized?
-
Why is it not possible simply to add the separately computed EPS amounts of individual affiliates in deriving consolidated EPS?
-
Why is it not possible simply to add the separately computed EPS amounts of individual affiliates in deriving consolidated EPS?
-
Pablo is a preschooler diagnosed with autism. He is a great student in terms of skill mastery he learns new skills at a rapid pace. However, staff often complain when they are assigned to work with...
-
What is the next number in the sequence? 6 5 4 8 11 10 9 The table below shows the blood pressure of a group of patients. (5) Hence, construct accommodative frame y polygon (Scale for both axes: 10...
-
Save money, the environment, or both! Many consumers have both monetary and environmental reasons for saving energy. This study was designed to see how different types of advertising affect a...
Study smarter with the SolutionInn App