Which of the following is not a disclosure for derivatives required under SFAS No.133?
A) Firms must describe their risk management strategy and how particular derivatives help accomplish their hedging objectives.
B) For fair value and cash flow hedges, firms must disclose the net gain or loss recognized in earnings resulting from the hedges' ineffectiveness and the line item on the income statement that includes this net gain or loss.
C) For cash flow hedges, firms must describe the transactions or events that will result in reclassifying gains and losses from other comprehensive income to net income
And the estimated amount of such reclassifications during the next 12 months.
D) The specifics of a model that simulates with a 95 percent or other confidence level the minimum, maximum, or average amount of loss that a firm would incur.
Correct Answer:
Verified
Q17: Which of the following will most likely
Q22: Under current U.S.GAAP,unrealized gains and losses from
Q23: When input prices are increasing,companies that use
Q24: Typical U.S.GAAP disclosures for deferred income taxes
Q28: All of the following are most likely
Q29: A typical defined benefit pension plan formula
Q32: Regarding actuarial assumptions,firms must disclose in notes
Q34: Parnell Industries Parnell Industries sold a copy
Q48: Parnell Industries
Parnell Industries sold a copy machine
Q59: Differences between income before taxes and taxable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents