In which of the following circumstances would ASU 2020-04 related to changes in reference rates apply? O a Change from one reference rate leg. LIBOR) to another permissible reference rate in accordance with GAAP due to reference rate reform during the period of March 12, 2020 and December 31, 2022 (unless further extended by FASE O b. Change between any permissible reference rate Topic 815 related to derivatives and hedge accounting between the period of March 12, 2020 and December 31, 2022 for any mason Oc. Any change in LIBOR to another permissible reference rate at any time post March 12, 2020 O d. Any change from a permissible reference rate to LIBOR at any time post March 12, 2020.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 4.8P
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In which of the following circumstances would ASU 2020-04 related to changes in reference rates apply?
Ⓒa. Change from one reference rate (e.g., LIBOR) to another permissible reference rate in accordance with GAAP due to reference rate reform during the period of March 12, 2020 and December
31, 2022 (unless further extended by FASE).
O b. Change between any permissible reference rate Topic 815 related to derivatives and hedge accounting between the period of March 12, 2020 and December 30, 2022 for any reasons.
Oc. Any change in LIBOR to another permissible reference rate at any time post March 12, 2020.
O d. Any change from a permissible reference rate to LIBOR at any time post March 12, 2020,
Transcribed Image Text:In which of the following circumstances would ASU 2020-04 related to changes in reference rates apply? Ⓒa. Change from one reference rate (e.g., LIBOR) to another permissible reference rate in accordance with GAAP due to reference rate reform during the period of March 12, 2020 and December 31, 2022 (unless further extended by FASE). O b. Change between any permissible reference rate Topic 815 related to derivatives and hedge accounting between the period of March 12, 2020 and December 30, 2022 for any reasons. Oc. Any change in LIBOR to another permissible reference rate at any time post March 12, 2020. O d. Any change from a permissible reference rate to LIBOR at any time post March 12, 2020,
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