Use the details below to aid in entry determination

Assignment Help Accounting Basics
Reference no: EM13508458

3. Determine the appropriate journal entries to account for the two hedging relationships for the year ended December 31, 2009. Use the details below to aid in entry determination, and assume that both hedging relationships are perfectly effective.

Date

3M-USD-LIBOR
Swap 1
Fair Value*
Swap 2
Fair Value*
March 31, 2009 1.00% (reset 12/31) $250,000 n/a
June 30, 2009 1.10% (reset 03/31) $750,000 n/a
September 30, 2009 1.25% (reset 06/30) $1,200,000 $900,000
December 31, 2009 1.18% (reset 09/30) $1,100,000 $775,000
* Note that the fair values are after the quarterly settlements are made.

Reference no: EM13508458

Questions Cloud

Find the capacitance after the glass is removed : A parallel plate capacitor of capacitance 4.3 µF has the space between the plates filled with a slab of glass with ? = 3.9. Find the capacitance after the glass is removed
Regarding how sociology is a part of everyday life : I need to chose 2 situations about an individuals life and examine them using a sociology perspective. Need to apply one sociological theory and apply  to at least one of the social situations.
How far must a free electron move under the influence : Electric breakdown (sparks) occur in air if the electric field reaches 3 × 106 N/C. How far must a free electron move under the influence of the above electric field
Scenario organisation assigned by faculty member : Review the Unit Introduction and the Learning Resources, including the HR/OB Matrix - familiarise yourself with the scenario organisation assigned by your Faculty Member
Use the details below to aid in entry determination : 3. Determine the appropriate journal entries to account for the two hedging relationships for the year ended December 31, 2009. Use the details below to aid in entry determination, and assume that both hedging relationships are perfectly effective..
Determine how much work is done on the capacitor : A large parallel plate capacitor has plate separation of 0.98 cm and plate area of 230 cm2. How much work is done on the capacitor as the plate separation is increased to 1.96 cm
Obtain the magnitude of the force on the proton : A proton with kinetic energy of 6.20 × 106 eV is fired perpendicular to the face of a large plate that has a uniform charge density of ? = +2.50 ?C/m2. What is the magnitude of the force on the proton
What will be the average shareholder equity : What will be the Average Shareholder's Equity?
Determine the speed of the ball just before it lands : A golfer hits a shot to a green that is elevated 3.0 m above the point where the ball is struck. find the speed of the ball just before it lands

Reviews

Write a Review

Accounting Basics Questions & Answers

  In terms of accounting what are the operating items on the

in terms of accounting what are the operating items on the income statement? what are examples of non-operating items

  Construct a single months cash budget with information

the abc corporations budgeted monthly sales are 4000. in the first month 40 of its customers pay and take the 3

  Alex wants to calculate a new cost using appropriate cost

most of the companys sales are from has been a standard in the industry for several years the market for this product

  Calculate how much in sum the mariners are saving

First assume that all of the deferred money and accumulated interest is paid out along with the final salary payment at the end of 2012. Use 5.5% as the discount rate. What is the present value (as of the signing date) of Ichiro's contract under t..

  Determine the accounting principles-foreign and domestic

Determine the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements.

  Make a one to two 1-2 paragraph journal entry which

prepare a one to two 1-2 paragraph journal entry that examines your learning experiences with orion in week 10 of this

  Determine depreciation expense

Colaw Supply purchased machine at a cost of $72,000 on January 2, 2000. It originally had an estimated life of 10-years and a salvage value of $12,000.

  Journal entries of transactions involving the purchase

Assuming that the US Corp. has a December 31 year end, prepare the necessary journal entries to account for the series of transactions involving the purchase.

  Discuss how the federal income tax structure affects choice

explain how the federal income tax structure affects the choice of financing use of debt versus equity of u.s. firms.

  Compute allowable general business credit for the year

His net regular tax liability beforethe general business credit is $95,000, and his tentative minimumtax is $82,000. Compute Earl's allowable general businesscredit for the year.

  Preparation of the manufacturing entries

Describe 1 ethical issue that could result from the preparation of these manufacturing entries.

  Which of the following describes the purpose of

which of the following describes the purpose of depreciation?a.to reflect the change in replacement cost of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd