9th Edition

ISBN: 9781259722660

Author: J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher: McGraw-Hill Education

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Textbook Question

Chapter A, Problem 4BYP

Research Case A–4

Issue related to the derivatives standard; research an article

Required:

On the Internet, go to the AICPA site at www.aicpa.org and find the article mentioned.

1. What are the primary problems or issues the FASB attempts to address regarding accounting for derivative financial instruments?
2. In considering the issues, the FASB made four fundamental decisions that became the cornerstones of the statement issued in 1998. What are those fundamental decisions? Which do you think is most critical to fair financial reporting?

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Chapter A, Problem A.1BYP

Chapter A, Problem A.4BYP

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Chapter A Solutions

Intermediate Accounting

Ch. A - Prob. A.1Q Ch. A - Prob. 2Q Ch. A - Prob. A.2Q Ch. A - Prob. 3Q Ch. A - Prob. A.3Q Ch. A - Prob. 4Q Ch. A - Prob. A.4Q Ch. A - What is the effect on interest of an interest rate...Ch. A - Prob. A.5Q Ch. A - How are derivatives reported on the balance sheet?...

Ch. A - Prob. A.6Q Ch. A - When is a gain or a loss from a cash flow hedge...Ch. A - Prob. A.7Q Ch. A - Prob. 1E Ch. A - Prob. A.1E Ch. A - Derivatives; interest rate swap; fixed rate debt...Ch. A - Derivatives; interest rate swap; fixed rate...Ch. A - Derivatives; interest rate swap; fixed rate debt;...Ch. A - Prob. 5E Ch. A - Derivatives; interest rate swap; fixed-rate debt;...Ch. A - Derivatives; interest rate swap On January 1,...Ch. A - Derivatives; interest rate swap; comprehensive...Ch. A - Derivatives; interest rate swap; fixed rate debt;...Ch. A - Real World Case A1 Derivative losses; recognition...Ch. A - Research Case A4 Issue related to the derivatives...Ch. A - Prob. A.4BYP

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Solution Summary: The author lists the primary problems addressed by Financial Accounting Standards Board (FASB) in the article regarding accounting for derivatives.

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Chapter A Solutions