What is the fair value option? Where do companies that elect the fair value option report unrealized
Question:
What is the fair value option? Where do companies that elect the fair value option report unrealized holding gains and losses?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
The fair value option gives companies the option of using fair value as the measure...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
What is the fair value option? Explain how use of the fair value option reflects application of the fair value principle.
-
What is the fair value option?
-
What is the fair value option? Briefly describe its application to debt investments.
-
Craig's Bowling Inc. operates several bowling centres (for games and equipment sales). The following transactions occurred in November 2017. For each of the following transactions, complete the...
-
Review the opening feature of this chapter that highlights Larry Page and Sergey Brin and their company Google, Inc. Assume that Google is considering opening up retail outlets to sell its portable...
-
How does occupational fraud and abuse differ from other kinds of fraud? Give examples of other fraud types.
-
Suppose that you were calculating the dividend yield on a stock you were considering buying and intended to "back out" the expected capital gains yield as described in the previous section. Using the...
-
Shannons account at Commerce Bank has a balance of $1,200. Shannons account number is 1236. Requirement 1. Assuming the bank uses encryption for customer account numbers and the last digit is a check...
-
On September 1, the beginning of its fiscal year, Campus Office Supply Ltd. had an inventory of 106 calculators at a cost of $20 each. The company uses a perpetual inventory system. During September,...
-
Mrs. Rusholme engaged the firm of Saunders and Watts Ltd. to refinish floors in certain rooms of a home owned by her and her husband in Red Deer, Alberta. She told Mr. Saunders that she and her...
-
On January 1, 2010, Lombard Co. sells property for which it had paid $690,000 to Sergeant Company, receiving in return Sergeants zero-interest-bearing note for $1,000,000 payable in 5 years. What...
-
Moon Hardware is planning to factor some of its receivables. The cash received will be used to pay for inventory purchases. The factor has indicated that it will require recourse on the sold...
-
Carry out the constructions requested in Problems 2839. Circle with radius congruent to UV U V
-
Authority of corporations Express corporate authority is delegated by statute. Implied corporate authority is invoked in cases in which authority not specifically granted in the articles of...
-
Consider this scenario. You are the audit manager responsible for supervising the fieldwork for a major audit client. After hundreds of hours of hard work, the audit is successfully completed, the...
-
The governing body of a healthcare corporation: Is incorporated under state law. Has specific duties that include holding meetings, establishing policies, being financially scrupulous, providing...
-
Bill Grant sat in the middle of a large jail cell with 12 other inmates as the long October night dragged on.1 To pass the time, Grant and several other inmates played cards and talked about their...
-
During the summer of 2006, a syndicate of investors led by The Blackstone Group, one of Wall Streets largest private equity investment firms, initiated a secret plan to acquire Freescale...
-
Ethics and the law are not mutually exclusivethey are intertwined.
-
g(x) = x 5 5x 6 a. Show that g(x) = 0 has a root, , between x = 1 and x = 2. b. Show that the equation g(x) = 0 can be written as x = (px + q) 1/r , where p, q and r are integers to be found. The...
-
Describe the functions of each of the following parts of the keyboard entry circuit of Figure 9-16. (a) OR gate (b) 74147 encoder (c) One-shot (d) Flip-flops X, Y, Z (e) Flip-flops Q 0 to Q 11 Figure...
-
Where can authoritative iGAAP guidance be found related to cash and receivables?
-
Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to the accounting for cash and receivables.
-
Simonies Company, which uses iGAAP, has a note receivable with a carrying value of $30,000 at December 31, 2010. On January 2, 2011, the borrower declares bankruptcy, and Simonis estimates that only...
-
Kumara Corporation reported pretax book income of $1,530,000. Kumara also reports an increase in the taxable temporary differences of $327,500, an increase in the deductible temporary differences of...
-
Slumlord Floyd is getting a lot of complaints from tenants about how little care he takes of his rental property. Floyd ends up having several deductions disallowed under the Substandard Housing...
-
Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. February 2 Wrote a $360 check to...
Study smarter with the SolutionInn App