Answer:
False
Explanation:
The reason is that the short hedge is future contract sold by the seller of inventory and long hedge is the future contract purchased by the seller of the inventory at a specified date and at a agreed price. So the statement is incorrect and also that the long hedge or short hedge does not have any association with maturity or duration of hedging instrument.
The answer is B. Family Members
Answer:
1. Accounts receivable
2. Notes receivable
3. Other receivable
Explanation:
Sold merchandise on account for $64,000 to a customer - Accounts receivable. Since the merchandise is sold on credit to a customer, the same is recorded in the current assets of the balance sheet as accounts receivable.
Received a promissory note of $57,000 for services performed - Notes receivable. Since the promissory note is received for service performed which we term as a note receivable. This also come under the current assets of the balance sheet
Advanced $10,000 to an employee - Other receivables - As an advance is given to an employee neither is an account receivable nor it notes receivable. So, it is term as an other receivable
The bead may have been swallowed by the little boy being that infants tend to put anything in their mouth at that age, including objects. Anatomically you would expect it to be found in his digestive system gastrointestinal tract.
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Bacon would cost more since it would cost more to raise a pig