江西财经大学高级财务会计国际学院题库chapter_13.doc

《江西财经大学高级财务会计国际学院题库chapter_13.doc》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。

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