Changes in the Fair Value of Derivative Instruments That Qualify

question 8

Multiple Choice

Changes in the fair value of derivative instruments that qualify as hedges should be reported as

• A)Gains or losses in the government-wide statement of activities.
• B)Deferred inflows or outflows of resources in fund and government-wide operating statements.
• C)Losses but not gains in general fund statements of revenues, expenditures, and changes in fund balance.
• D)Disclosures only.

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Definitions:

Refreshing

The act of renewing or reviving something to make it more interesting, engaging, or up-to-date.

Marketing

The action or business of promoting and selling products or services, including market research and advertising.

Period Of Decline

A phase in which something, such as a business, economy, or physical condition, experiences a decrease in quality, quantity, or importance.

Negative Feedback

Criticisms or evaluations indicating a discrepancy between expected and actual performance, intended to prompt improvement.