change in the hedged item or ineffective in offsetting such a change . How should the effective and ineffective portions of the change in value of a derivative which qualifies as a cash flow hedge be reported in financial statements ?
Question 17
A financial asset is transferred with one component of the asset appropriately treated as sold and another component appropriately treated as retained . How will the amount to be written off as sold be determined ?
Question 18
On September 1 , 2005 , Hall Corp . redeemed $ 500,000 of its 12 %, 15-year bonds . Related unamortized bond premium and issue costs at that date were $ 8,000 and $ 10,000 , respectively . What amount should Hall use to determine gain or loss on redemption ?
Question 19
For accounting purposes , which one of the following circumstances would not be considered the transfer of a financial asset ?
Question 20
Gains and Losses from changes in the fair value of a derivative designated and qualified as a fair value hedge should be :
Question 1