IntermediateAccountingDerivativesContingenciesBusinessSegmentsandInterimReports幻灯片.pptVIP

Cash (from swap agreement) 1,000 Interest Rate Swap (asset) 901 Other Comprehensive Income ($901 × 0.11) 99 Accumulated Other Comprehensive Income 1,000 Interest Expense 1,000 Loan Payable 100,000 Cash 100,000 Illustrations of Accounting for Derivatives and Hedging Activities Dec 31 Interest Expense 11,000 Cash ($100,000 × 0.11) 11,000 2012 (continues) On November 1, 2011, Clayton Company sold machine parts to Maruta Company for ￥30,000,000 to be received on January 1, 2012. On the same date, Clayton also entered into a yen forward contract. Nov. 1 Yen Receivable