Iii certain gains and losses on derivative financial

III. Certain gains and losses on derivative financial instruments designated as
fair value hedges.

Werth Company has 100,000 shares of $10 par value common stock and
5,000 shares of $100 par value 5% cumulative preferred stock outstanding.
No dividends had been paid in either 2015 or 2016. Werth Company is
planning to pay a cash dividend in 2017.
If the cash dividend is for $200,000 in total, how much will be received by
common stockholders?
What amount should Liberty report as net cash provided by operating
activities in its statement of cash flows for the year?
What amount should Red report as net cash used by investing activities in its
statement of cash flows for the period ended December 31?
When accounting for income taxes, a permanent difference occurs in which
of the following scenarios?
When dealing with deferred taxes, which of the following does not need to be
disclosed in a company's financial statements?
II. The types and amount of existing temporary differences.
III. The types and amounts of existing permanent differences.
Which of the following is least likely to be included in accumulated other
comprehensive income as a component of stockholders' equity?
Which of the following items is included in the investing activities section of
the statement of cash flows?

Which of the following items requires a prior period adjustment to
accumulated other comprehensive income?
III. Revenue of $4 million that should have been deferred was recorded in
previous year as earned.
Which statement is true about reporting unrealized gains and losses from
available-for-sale securities?
Which statement(s) is (are) true about reporting debt securities held to
maturity?
II. The market value of investments in debt securities that are classified as
held to maturity must be disclosed.
III. Unrealized gains and losses on debt securities that are classified as held
to maturity are recognized in income in the period of the change.