Discuss and answer at least two of the questions listed below in detail, or add your own related topic:

1. What is the purpose of a cash-flow hedge? What are gains and losses related to cash flow hedges involving anticipated transactions reported?

2. In what ways can segment reporting assist in the analysis of a companys financials?

3. With environmental liabilities and the requirements of the potentially responsible parties, what industries might be impacted by these requirements? How will this impact them? Examples? Under what circumstances should the existence of an environmental liability be considered probably?