Financial accounting In hedge accounting, a cash flow hedge.affects:a) Current period income statement onlyb) Retained earnings directlyc) Balance sheet accounts onlyd) Other comprehensive income until realized

Explanation of Cash Flow Hedge: A cash flow hedge is a risk management strategy used to protect…

Answered: In hedge accounting, a cash flow hedge.…

Entrepreneurial Finance

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ISBN:9781337635653

Author:Leach

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Chapter16: Financially Troubled Ventures: Turnaround Opportunities?

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When is a gain or a loss from a cash flow hedge reported in earnings?
Where are gains and losses related to cash flow hedgesinvolving anticipated transactions reported?
Which of the following returns is consistent with contractual cash flows that are solely payments of principal and interest or SPPI? I. Return of passage of time II. Return for the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation III. Return for the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset IV. Return for amounts to cover expenses and a profit margin a. I, II, III, and IV b. I, II, and III c. I and IV only d. II and III only
Discuss the type of questions about future cash flows that investors and creditors attempt to answer in so far as it relates to the information contained in the income statement
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Which calculation uses balance sheet accounts and income accounts that affect liquidity to analyze operating, investing, and financing activities? Pro forma balance sheet Analysis of changes to retained earnings Statement of cash flows
Which of the following statements accurately describes the statement of cash flows? A. It indicates when long-term debt will mature. B. It shows the relative proportion of debt and assets. C. It is the link between net income and earnings per share. D. It is the link between the accrual-based income statement and the cash reported on the balance sheet.
Which of the following is not added to net income as an adjustment to reconcile net income to cash from operating activities in the statement of cash flows? A. Increase in deferred tax asset B. Increase in an accrued liability C. Loss on sale of operational asset D. Amortization of discount on bond payable
Indicate for each of the following what should be disclosed on a statement of cash flows (SCF) (indirect method). If not disclosed, select "Not shown." If an item is a noncash transaction that should be shown separately, select "noncash." If an item is added to net income, select "Add," and if an item is deducted from net income, select "Deduct." Show financing and investing outflows in parentheses. For example, an answer might be: Deduct $4,700 or Investing ($31,000). There is more than one answer for some items. Statement of Cash Flows (Indirect Method) Disclosure Effect on Net Income Effect on Cash Flows (a) For 2021, income before an extraordinary loss was $402,500. A tornado damaged a building and its contents. The proceeds from insurance companies totaled $118,500, which was $50,500 less than the book values. The tax rate was 30%.…
Which of the following is not one of the components of other comprehensive income? a. changes in revaluation surplus b. remeasurements of the net defined benefit liability (asset) unrealized gains and losses on FVPL c. translation gains and losses on foreign operation d. effective portion of gains and losses on hedging instruments on a cash flow hedge
Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current liabilities- Bank overdraft c. Current assets +stock+ prepaid expenses O d. Current assets-stock-Prepaid expenses

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In hedge accounting, a cash flow hedge. affects: a) Current period income statement only b) Retained earnings directly c) Balance sheet accounts only d) Other comprehensive income until realized