Bill has 3 interest rate swaps. 1: speculative and records a loss of $5,000...
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Accounting
Bill has 3 interest rate swaps.
1: speculative and records a loss of $5,000 this year.
2: is part of a fair value hedge of current instruments and records a loss of $2,000 this year.
3: is part of a cash flow hedge of a future transaction and records a loss of $11,000 this year.
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