What should be the total amount of derivatives in accordance with PFRS9 if Monday Co.'s trial balance includes the following items: Cash and cash equivalents 20,000 Accounts receivable 15,000 Notes receivable 5,000 Interest receivable 3,000 Commodity futures 12,000 Cash surrender value 12,500 Cryptocurrencies 50,000 Investment in shares 8,000 Investment in treasury bonds 24,000 Investment in treasury bills 9,000 Interest rate swaps 23,000 Share call options 4,000 Share put options 4,500 Claim for tax refund 9,000 Foreign currency forwards 6,500 Inventory 7,000

What should be the total amount of derivatives in accordance with PFRS9 if Monday Co.'s trial balance includes the following items: Cash and cash equivalents 20,000 Accounts receivable 15,000 Notes receivable 5,000 Interest receivable 3,000 Commodity futures 12,000 Cash surrender value 12,500 Cryptocurrencies 50,000 Investment in shares 8,000 Investment in treasury bonds 24,000 Investment in treasury bills 9,000 Interest rate swaps 23,000 Share call options 4,000 Share put options 4,500 Claim for tax refund 9,000 Foreign currency forwards 6,500 Inventory 7,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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