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时间:2020-05-15
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1、AdvancedAccounting,11e(Beams/Anthony/Bettinghaus/Smith)Chapter13AccountingforDerivativesandHedgingActivitiesMultipleChoiceQuestions1)Whichofthefollowinghedgingstrategieswouldabusinessmostlikelyuse?A)Animporterwillwanttohedgehisforeigndenominatedaccountsreceivablean
2、dwillpurchaseforwardcontractstohedgeanexposednetassetposition.B)Animporterwillwanttohedgehisforeigndenominatedaccountspayableandwillpurchaseforwardcontractstohedgeanexposednetliabilityposition.C)Anexporterwillwanttohedgehisforeigndenominatedaccountsreceivableandwil
3、lpurchaseforwardcontractstohedgeanexposednetliabilityposition.D)Anexporterwillwanttohedgehisforeigndenominatedaccountspayableandwillpurchaseforwardcontractstohedgeanexposednetliabilityposition.Answer:BObjective:LO2Difficulty:Easy2)Ahighly-effectivehedgeofanexisting
4、assetorliabilitythatisreportedonthebalancesheetwouldberecordedusingA)ModifiedCashBasisAccounting.B)CriticalTermHedgeAnalysis.C)FairValueHedgeAccounting.D)HedgeofNetInvestmentinForeignSubsidiary.Answer:CObjective:LO2Difficulty:Easy3)Whichofthefollowingisnotanapproac
5、happropriateforhedgeaccounting?A)CashFlowHedgeAccountingB)CriticalTermHedgeAccountingC)FairValueHedgeAccountingD)HedgeofNetInvestmentinForeignSubsidiaryAnswer:BObjective:LO1,2Difficulty:Easy4)Ifafinancialinstrumentisclassifiedasacashflowhedge,thenA)itsgainsorlosses
6、arereportedintheincomestatementifafiscalyear-endoccursbeforethesettlementdate.B)itisclassifiedasaheld-to-maturityasset.C)itdoesnotrequireanotionalamount.D)itsgainsorlossesarereportedinthebalancesheetifafiscalyear-endoccursbeforethesettlementdate.Answer:DObjective:L
7、O1Difficulty:Easy34Copyright©2012PearsonEducation,Inc.PublishingasPrenticeHall5)Whenacashflowhedgeisappropriate,theeffectiveportionofthegainorlossonthederivativeisA)deferredusingothercomprehensiveincome.B)recognizedimmediatelyatthetimetheagreementismade.C)recognize
8、dovertime,amortizedovertheperiodoftheagreement.D)recognizedovertime,offsetbythefluctuationinthevalueofthehedgedassetorliability.Answer:AObjective
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