Describe the following 1. Unrealized gains or losses on derivatives held on cash flow hedges. 2.Unrealized gains or losses on investment available for sale. 3.Dividends declared in a particular period.

Q: Which of the following statements concerning receivables is correct? Notes receivable are often…

A: Receivable means, money not received yet. Note receivable is a written note promise to pay a certain…

Q: Indicate the effect of the transactions listed in the following table on total current assets,…

A: A cash dividend is declared and paid: Cash is decreasing. Which means current assets decrease and…

Q: Do we record unrealized gain or loss as a debit or a credit balance when making the fair value…

A: Financial accounting records all the financial transactions occurred during the accounting period.…

Q: d o

A: The correct answer is  C) Traffic speed of suppliers

Q: Liabilities which are estimated and payable are; Select one: O a. Not reported on the balance sheet…

A: Liabilities represents the obligation of the entity. It is the amount which is to be paid by the…

Q: ne Income Statem

A: The correct statement is  False

Q: A credit ending balance in the account Fair Value Adjustment-Trading Debt Securities, after the…

A: Meaning of Debt Securities  A debt security is a debt instrument that can be bought or sold between…

Q: Describe how short-term investments are reported in the balance sheet and account fortransactions…

A: Introduction: Short-term investments are those financial instruments which has a duration of less…

Q: which of the following transactions and events would result in an improvement in Interest Coverage…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: When comparing fi nancial statements prepared under IFRS with those prepared underUS GAAP, analysts…

A: IFRS and US GAAP follows similar accounting policies when it comes to realized losses and unrealized…

Q: * ?Which one of the following is correct The term 'Sales' include the sales of fixed assets for cash…

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

Q: Which of the following is NOT a component of Accumulated Other Comprehensive Income? A. Gains or…

A: Other comprehensive income (OCI) includes any unrealized gains or losses from sources of funds from…

Q: eported earnings become overstated as a result of failure to record  a. the amortization of premium…

A: Solution Concept The reported earnings is overstated when the expenses has not been recorded or…

Q: 4. What items are nonrecognized subsequent events that require a disclosure in the notes to the…

A: The citation that explains about the items which are not recognized as subsequent events that…

Q: Investing activities include: Distributions of dividends. Issuing long-term notes payable. Sale of…

A: Investing activities typically involve activities related to the acquisition and disposal of…

Q: What causes the decrease in Assets? A. Cash Purchases B. Liabilities C. Payment of Expenses D.…

A: The balance sheet represents the financial position of the business with assets, liabilities and…

Q: Under IFRS, how should changes in accounting policy be recognized in the financial statements? a.…

A: Change in Accounting Policy:A Change in accounting policy occurs if there has been a change in the…

Q: I.                                                What are terms of credit? From the viewpoint of a…

A: The following concepts are answered below.

Q: Liabilities are

A: Balance sheet includes the assets, liabilities and stockholders' equity of the company that…

Q: 5. Which of the following financial statement elements is found on balance sheet? a. Sales revenue…

A: Sales revenue, rent expense and foreign exchange loss are considered while computing the income for…

Q: In a balance sheet, which of the following items is NOT included in current assets? O Accounts…

A: Balance Sheet :— It is one of the financial statement that shows list of final ending balance of…

Q: 1. What is the general trend of the company’s current assets? Did you observe any account with…

A: "Since you posted a question with multiple sub-parts, we will solve the first three sub-parts for…

Q: 4. Which of the following items will appear in the statement of changes in equity? a. Extraordinary…

A: Statement of changes in equity is part of financial statements is used to present the amount which…

Q: Choose the incorrect statement below:

A: The answer for the multiple choice question on choosing the incorrect statement and relevant…

Q: deficit

A: If the total asset is smaller than total liabilities and equity on the balance sheet it means a…

Q: 5. true? Which of the following statements concerning the income statement is not It can be called…

A: Income Statement - Income Statement is the statement that includes income earned and expense…

Q: If the allowance method is used, how does recording the recovery of an uncollectible account affect…

A: Solution: Recovery of uncollectible account is recorded by making two entries as under: 1.…

Q: In methods of estimating doubtful accounts, how does income statements approaches differ from…

A: Income Statement Approach: under this approach, the estimated amount of bad debts expense is…

Q: a correction in the calculation of earnings per share of a prior period   a material difference…

A: Prior period adjustments are adjustments made to periods that are not current but have already been…

Q: Reported earnings become overstated as a result of failure to record which of the following: a. the…

A: THIS is one of the most common  in financial statement. there may be a case of manipulation of…

Q: How is the valuation of cuIrent assets affected if the company follows IFRS? OValuation is based on…

A: SOLUTION- HISTORICAL COST  IS THE ORIGINAL OF AN ASSET , AS RECORDED IN AN ENTITY'S ACCOUNTING…

Q: What is the general trend of the company’s current assets? Did you observe any account with…

A: In case of multiple sub-parts, only first 3 parts shall be answered. The trend analysis can be…

Q: The timing of income from services can often be controlled through the use of: a.U.S. GAAP…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What is the impact on the accounting equation when an accounts receivable is collected?A. both sides…

A: Accounting equation is one of the important concept used in accounting. Three elements of accounting…

Q: Which of the following is NOT included in the financial assets? A. Cash. B. Investments in…

A: The financial assets include the liquid assets of the business.

Q: 14) Which of the following is the least liquid current asset? A) Accruals B) Accounts receivable C)…

A: As a result of the fact that inventory consists of goods that are held with the intention of selling…

Q: Which one of the following accounts is unlikely to ever be seperately disclosed in the income…

A: Financial statement:The financial statement is the statement or the record that is prepared by the…

Q: Current assets in order of liquidity are cash, marketable securities, inventory, and accounts…

A: Current assets are those assets which are expected to be sold, consumed or used within the operating…

Q: ccounts are remeasured (versus translated) using current exchange rates? Select one: a. All current…

A: Exchange Rate -An exchange rate, which impacts international trade and money transfers, is the…

Q: 3) What is meant by Bank overdraft?

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The payment of past debt by the entity will cause a decrease in asset due to the outflow of cash,…

A: Lets understand the basics. Debt is a liability which will needs to pay within certain future so it…