ACCOUNTING-Balance Sheet Accounts Debit (Credit)

Problem
10-2

Balance Sheet Accounts Debit
(Credit)
2nd Quarter
3rd Quarter

Income Statement Accounts
Debit (Credit)

Use the rows below for your calculations

Problem
10-5

PROBLEM 10-5

For each option
March 1
March 31
May 31

Notional amount

Strike price

Spot rate

Value of option…

Intrinsic value

Time value

1st Quarter
2nd Quarter
3rd Quarter
Total

Related to the commitment:

Gain (loss) on commitment

Gain (loss) on option transferred from OCI
to offset

gain or loss on commitment

Gain (loss) in time value

Sales revenue

Cost of Sales:

Original cost

Adjustment for change in value of
commitment

Additional processing costs

Total impact on earnings

Related to the purchase of
equipment:

Gain (loss) in time value

Depreciation expense:

Total impact on earnings……………………………………………….

Related to the note payable:

Total impact on earnings……………………………………………….

A

 

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