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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What should be the total amount of derivatives in accordance with PFRS9 if Monday Co.'s
- 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
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