need #1-4

According to ASC 815, which of the following is not an underlying? A security price. A monthly average temperature. The price of a barrel of oil The number of foreign currency units. The intrinsic value of a cash flow hedge has increased since the last balance sheet date. Which of the following accounting treatments is appropriate for this increase in value? Do not record the increase in the value because it has not been realized in an exchange transaction. Record the increase in value to current earnings. Record the increase to Other Comprehensive Income. Record the increase in a deferred income account. The requirements derivative instrument include all but which of the following? for a Has one or more underlyings Has one or more notional amounts. for other types of contracts that Requires an initial net investment equal to that required would be expected to have a similar response to changes in market factors. Requires or permits net settlement. A decrease in the intrinsic value of a fair value hedge is accounted for as A decrease of current earnings. not yet occurred. Not recorded because the exchange transaction has A decrease of Other Comprehensive Income. A liability to be offset with subsequent increases in the fair value of the hedge