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Nhờ các bạn giải thích giùm Interest Rate Swap và Call Option có phải là Expense không? (problem 41, CPA Excel 2015 - Jan)
Facts: Company ABC sells loans with a $2,200 fair value and a carrying amount of $2,000. ABC Company obtains an option to purchase similar loans and assumes a recourse obligation to repurchase loans. ABC Company also agrees to provide
a floating rate of interest to the transferee company. The fair values are listed.
Fair values
Cash proceeds $2,100
Interest rate swap 140
Call option 80
Recourse obligation (120)
Required: What is the gain (loss) on the sale?
a. $320 b. $200 c. $(100) d. $120
Solution:
(b) Net proceeds from the sale are equal to $2,200.
Net proceeds
Cash received 2,100
Plus: Interest rate swap 140
Call option 80
Less: Recourse obligation (120)
Net proceeds 2,200
The gain is computed as follows:
Net proceeds 2,200
Carrying amount of loans sold 2,000
Gain on Sale 200
Facts: Company ABC sells loans with a $2,200 fair value and a carrying amount of $2,000. ABC Company obtains an option to purchase similar loans and assumes a recourse obligation to repurchase loans. ABC Company also agrees to provide
a floating rate of interest to the transferee company. The fair values are listed.
Fair values
Cash proceeds $2,100
Interest rate swap 140
Call option 80
Recourse obligation (120)
Required: What is the gain (loss) on the sale?
a. $320 b. $200 c. $(100) d. $120
Solution:
(b) Net proceeds from the sale are equal to $2,200.
Net proceeds
Cash received 2,100
Plus: Interest rate swap 140
Call option 80
Less: Recourse obligation (120)
Net proceeds 2,200
The gain is computed as follows:
Net proceeds 2,200
Carrying amount of loans sold 2,000
Gain on Sale 200
