Does the situation require the adoption of Hedge Accounting

Assignment Help Financial Accounting
Reference no: EM132981008

Question - Lost Lagoon Limited (LLL),a Canadian public company, holds significant equity investments in various Australian companies none of which constitute either significant influence or control. LLL has adopted FV-OCI in reporting these investments on an ongoing basis. LLL has also recently taken on significant borrowings from an Australian lending institution and LLL wishes to mitigate its foreign exchange risk.

Does the above situation require the adoption of Hedge Accounting? Why or why not; you must explain adequately?

Reference no: EM132981008

Questions Cloud

How a public health nurse would address : How a public health nurse (PHN) would address that component of the case-management system for a particular target population.
What is John dividend income : Question - John owns 100% of the stock of Zook, Inc., with an adjusted basis of $90,000. What is John dividend income
DISCUSS how the article illustrates the topic : Article Review - illustrates one or more of the topics discussed in class during the FIRST HALF of the module.
How much will be the total gross annual income : The husband receives an annual salary of P652,000, living allowances of P100,000, How much will be the total gross annual income
Does the situation require the adoption of Hedge Accounting : Does the above situation require the adoption of Hedge Accounting? Why or why not; you must explain adequately
Why do think native americans are considered part : Why do you think Native Americans are considered part of the vulnerable populations? Do a little research and tell me how many free clinics yu find.
How much money will you have in your retirement account : You get a job when you are 18 and can afford to save and invest $500 per month or $6000 per year. How much money will you have in your retirement account
How much is the remaining partnership net assets : If DC was paid P372,400 upon his retirement, how much is the remaining partnership net assets after his withdrawal
Explore national and research priorities : For this discussion, you are asked to review the student learning outcomes. Explore national and international initiatives and research priorities.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the maximum amount that should be willing to pay

What is the maximum amount that someone should be willing to pay you today for the rights to the trust on your 30th birthday?

  How much will need annually to live on

How much you will need annually to live on, forecast what that will be when you retire after 35 years of working if you assume annual inflation of 3.0%.

  How much income does latrell have to recognize

Use an available tax research service to determine how much income, if any, does Latrell have to recognize as a result of purchasing an airline ticket with Skymiles earned from business travel.

  Determine the suta tax that the company paid

If reciprocal arrangements exist between the two states, determine the SUTA tax that the company paid on Stone's earnings in State

  Identify the individual and the position within the company

Interpret the individual's leadership style based on the Five-Factor personality model, and offer one or more examples of the management

  How much did spend in renovating the house

How much did you spend in renovating the house? You, a finance graduate, bought a run-down house for $450,000, renovated it.

  Eliminating alternative accounting treatments

In essay form, answer: If uniformity means eliminating alternative accounting treatments, then surely comparability of financial statements of different enterprises is improved. Do you agree with this statement?

  Which of the cash paid for equipment purchase cash flows

Which of the Cash paid for equipment purchase cash flows should be included in the operating section of the statement of cash flows under US GAAP?

  Analyze the effect of the issuance of the note

Non-Interest-Bearing Notes Payable On October 1, 2014, Timur Enterprises borrowed $18,200 from Redhills Savings and Loan by issuing a 12-month note. The bank discounted the note at 9%. Identify and analyze the effect of the issuance of the note. Acti..

  Explain the relationship of the parties in capital markets

Explain the relationship of the parties in the capital markets. What are the direct and indirect conflicts of interests, if any, of each? How are conflicts resolved?

  What amount would be charged to profit for the impairment

What amount would be charged to profit or loss for the impairment of this non-current asset for the year ended 30 September 2020?

  Classify stocks according to the market capitalizations

Which stock would be most appropriate for someone seeking a combination of safety and earnings? Classify stocks according to the market capitalizations

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