Accounting principles for marketable securities. For each of the following items, describe its accounting using one of the following four systems:

(1) Measured at fair value with changes appearing in net income

(2) Measured at amortized cost

(3) Measured at fair value with changes appearing in other comprehensive income equity

(FASB) or directly in shareholders' equity (IASB) (4) Measurement depends on whether firm uses hedge accounting

a. A derivative judged to be effective used to hedge forecast sales

b. Derivatives appearing as liabilities: these derivatives do not hedge assets or liabilities or anticipated transactions.

c. Traded debt issued by others that the firm has purchased with ability to hold to maturity, but intent after the current year is uncertain. The firm frequently buys and sells debt of this sort.

d. Marketable equiQ securities held for an indefinite period as securities available for sale.