Changes in the Fair Value of Derivative Instruments That Qualify

question 25

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.

Appreciate the value of systematic replications in ensuring the reliability and validity of scientific findings.

Understand the distinct characteristics between literature reviews and meta-analyses.

Recognize the complementary roles of narrative reviews and meta-analyses in synthesizing research findings.

Grasp the importance of meta-analysis in interpreting and organizing past research.

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Definitions:

Adjusting Journal Entry

An entry made in the accounting journals at the end of an accounting period to allocate items between accounting periods.

Allowance for Doubtful Accounts

An estimate of the amount of accounts receivable that may not be collected, used to reduce the carrying amount of receivables on the balance sheet.

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal.

Interest Revenue

Income received from investments, savings, or as a payment for lending money.