Question: How is the fair value derivative reported when it is designated as a hedge of an anticipated transaction? A as a gain or loss B

How is the fair value derivative reported when it is designated as a hedge of an anticipated transaction?

A as a gain or loss

B as extraordinary income

C as revenues

D as an asset or liability

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

In Note L to its 2009 financial statements, IBM includes disclosure about its derivatives as follows: For the year ended December 31, 2009: Derivative Instruments Not Consolidated Statement Gain...

Q:

hope you can help me with this. Thank you 510 Chapter 9 Cost Fair value 12/31/03 155,000 Fair value 12131/02 FVPL 150,000 150,000 130,000 100,000 FVOCI 120,000 14. What amount should Tyne report as...

Q:

1. The cash balance of Darwin Company on January 1, 2017 was P8,000,000. During 2017, the changes in certain accounts were. Accounts receivable 2,000,000 increase Inventory 1,500,000 decrease...

Q:

Financial information attached. I'm supposed to project for 2015, 2016, and 2017. I do not understand the question or how to do it. Pro-Forma Financial Statements (I/S, B/S and Statement of Cash...

Q:

Read the questions in IFRS2-7 then answer them using the M&S annual reports for the year ended April 2, 2016. (provide complete and comprehensive answers. Also, do not have any grammatical errors) DO...

Q:

Q1 . Read the attached Case study 1 then answer the questions at the end ( a-e ) the citation has to include the web link and date retrieved. Q2 . Read the questions on IFRS1 then answer using the...

Q:

Q1 . Read the attached Case study 1 then answer the questions at the end ( a-e ) the citation has to include the web link and date retrieved. Q2 . Read the questions on IFRS1 then answer using the...

Q:

Working on a final paper evaluating General Motors Co, corporate performance. Attached is the outline of the assignment along with GM financial annual statement. Evaluation of Corporate Performance...

Q:

I need help understanding this project... Submit the Ratio Analysis portion of the final project. For this milestone, you will be analyzing the financial performance of Starbucks using the financial...

Q:

Using Your Judgment Financial Reporting Problem Marks and Spencer plc (M&S) The financial statements of M&S (GBR) are presented in Appendix bellow. The complete annual report, including the notes to...

Q:

What is the main difference in the case of heart between an athlete and a normal human? 1. They have a slow heartbeat in resting time than a normal person 2. They have a very fast heartbeat in...

Q:

Find the dimensions of the rectangle having the greatest possible area that can be inscribed in the ellipse b2x2 + a2y2 = a2b2. Assume that the sides of the rectangle are parallel to the axes of the...

Q:

Debt analysis Springfield Bank is evaluating Creek Enterprises, which has requested a $ 3 comma 7 5 0 comma 0 0 0 $ 3 , 7 5 0 , 0 0 0 loan , to assess the firm's financial leverage and financial...

Q:

Hi everyone, my professor wants me to research paper accounting, Do you have any topic to share with me? 1. prepare a research paper that can be any topic of the following: Accounting Principles or...