If the fair value option was elected for held-to-maturity and available-for-sale investments, any gains and losses resulting from change in fair value of those investments will be shown in net income. if the fair value option was not elected, there would be no gains or losses on the held-to-maturity investments, and gains and losses on available-for-sale investments would be reported in other comprehensive income. in determining the fair value of an asset, the market based exit price should be adjusted fortransaction cost transportation cost

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The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)