Complete the following chart for items a through d, describing the accounting treatment
using the number by one of the following four approaches listed as follows.
(Assume that the firm does not elect the fair value option):

APPROACHES
(1) Measured at fair value with changes recognized in net income.
(2) Measured at amortized cost.
(3) Measured at fair value with changes recognized initially in other comprehensive income.
(4) Measurement depends on whether firm uses hedge accounting.

In the third column of the chart, present your explanation regarding this approach.

Question

Complete the following chart for items a through d, describing the accounting treatment 
using the number by one of the following four approaches listed as follows. 
(Assume that the firm does not elect the fair value option):

APPROACHES
(1) Measured at fair value with changes recognized in net income.
(2) Measured at amortized cost.
(3) Measured at fair value with changes recognized initially in other comprehensive income.
(4) Measurement depends on whether firm uses hedge accounting.

In the third column of the chart, present your explanation regarding this approach.

Quizplus · Accepted Answer

The Answer of Complete the following chart for items a through d, describing the accounting treatment 
using the number by one of the following four approaches listed as follows. 
(Assume that the firm does not elect the fair value option):

APPROACHES
(1) Measured at fair value with changes recognized in net income.
(2) Measured at amortized cost.
(3) Measured at fair value with changes recognized initially in other comprehensive income.
(4) Measurement depends on whether firm uses hedge accounting.

In the third column of the chart, present your explanation regarding this approach.

Complete the Following Chart for Items a Through D, Describing