Prior to FAS 133,where on the Financial Statements Were Derivatives

question 10

Multiple Choice

Prior to FAS 133,where on the financial statements were derivatives reported?

• A)as contingent liabilities
• B)as goodwill
• C)as intangible assets
• D)nowhere because they were off-balance sheet items
• E)in Other Comprehensive Income

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Definitions:

Socialization Process

The method by which individuals learn and adapt to the norms and behaviors appropriate to their role within a society or organization.

Strong Cultures

Organizational environments characterized by shared values, beliefs, and norms that strongly influence the behavior of individuals within the group.

Debasement

The reduction or lowering in value, quality, or character, often occurring through degradation or humiliation.

Hazing

The practice of imposing difficult or humiliating tasks on new members of a group as a form of initiation.