In which of the following circumstances would ASU 2020-04 related to changes in reference rates apply? O a Change from one reference rate leg. LIBOR) to another permissible reference rate in accordance with GAAP due to reference rate reform during the period of March 12, 2020 and December 31, 2022 (unless further extended by FASE O b. Change between any permissible reference rate Topic 815 related to derivatives and hedge accounting between the period of March 12, 2020 and December 31, 2022 for any mason Oc. Any change in LIBOR to another permissible reference rate at any time post March 12, 2020 O d. Any change from a permissible reference rate to LIBOR at any time post March 12, 2020.

In which of the following circumstances would ASU 2020-04 related to changes in reference rates apply? O a Change from one reference rate leg. LIBOR) to another permissible reference rate in accordance with GAAP due to reference rate reform during the period of March 12, 2020 and December 31, 2022 (unless further extended by FASE O b. Change between any permissible reference rate Topic 815 related to derivatives and hedge accounting between the period of March 12, 2020 and December 31, 2022 for any mason Oc. Any change in LIBOR to another permissible reference rate at any time post March 12, 2020 O d. Any change from a permissible reference rate to LIBOR at any time post March 12, 2020.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Rey

In which of the following circumstances would ASU 2020-04 related to changes in reference rates apply?
Ⓒa. Change from one reference rate (e.g., LIBOR) to another permissible reference rate in accordance with GAAP due to reference rate reform during the period of March 12, 2020 and December
31, 2022 (unless further extended by FASE).
O b. Change between any permissible reference rate Topic 815 related to derivatives and hedge accounting between the period of March 12, 2020 and December 30, 2022 for any reasons.
Oc. Any change in LIBOR to another permissible reference rate at any time post March 12, 2020.
O d. Any change from a permissible reference rate to LIBOR at any time post March 12, 2020,

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