Is a revolving line of credit considered a derivative instrument?

I am trying to support that borrowing on a revolving line of credit would be considered a financing activity in the statement of cash flows based of ASC 230-10. However, this is what the ASC lists:

Cash Flows from Financing Activities
45-14 All of the following are cash inflows from financing activities:
a. Proceeds from issuing equity instruments

b. Proceeds from issuing bonds, mortgages, notes, and from other short- or long-term borrowing

c. Receipts from contributions and investment income that by donor stipulation are restricted for the purposes of acquiring, constructing, or improving property, plant, equipment, or other long-lived assets or establishing or increasing a permanent endowment or term endowment

d. Proceeds received from derivative instruments that include financing elements at inception, whether the proceeds were received at inception or over the term of the derivative instrument, other than a financing element inherently included in an at-the-market derivative instrument with no prepayments

e. Cash retained as a result of the tax deductibility of increases in the value of equity instruments issued under share-based payment arrangements that are not included in the cost of goods or services that is recognizable for financial reporting purposes. For this purpose, excess tax benefits shall be determined on an individual award (or portion thereof) basis.

So what does a revolving line of credit fall under in this context? Thank you!

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HOA requiring sit down interview?

My mother got a mortgage loan in her name (to get a lower interest rate) but only I will be living there and paying the mortgage. The deed /title is in both names. The HOA is requiring a personal face-to- face interview with both of us. The issue is, is that the seller is required to close on their new property by the end of 2013. Which gives us 5 days to interview. I live in the area ( Fort Lauderdale) so l am available to interview. My mother lives 5 hours away and will not be able to make it by closing.

We put 20k deposit into escrow and have a contract fully executed at this point. However, my mom is willing to have a phone or skype interview.

What are our options at this point? Should I just have the deed/title in my name instead of both names?

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Accounting Help? How to calculate balance in investments account?

The following selected account balances were taken from ABC Company's general ledger at January 1, 2011and December 31, 2011:

January 1, 2011 December 31, 2011
Accounts receivable 52,000 36,000
Cash 23,000 47,000
Inventory 31,000 18,000
Accounts payable 11,000 37,000
Equipment 123,000 144,000
Salaries payable 2,000 4,000
Investments 42,000?
Land 91,000 40,000
Mortgage payable 111,000 60,000
Common stock 110,000 125,000
Retained earnings 32,000 37,000
Additional information for 2011 appears below:
1. ABC Company reported net cash inflows from operating activities of $60,000 and net cash outflows from
financing activities of $87,000
2. ABC Company sold land costing $60,000 and recorded an $8,000 loss on the sale
3. ABC Company purchased equipment for $21,000 cash
4. ABC Company purchased investments for $60,000 cash and sold investments and reported a $25,000 gain on
the sale

Calculate the balance in the investments account at December 31, 2011. Do not use decimals in your answer.

If anyone could please help me out it would be so much appreciated!

Thank you:)

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Why is my credit score -9999?

What does it mean? I haven't had credit cards, I don't pay a mortgage and I don't have car notes or anything

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I want to get my real estate license in CA but?

When I Iooked up the requirements it showed a list of courses and I have to take one of them. My question is what course to take?
Here's the list:
• Business Law
• Common Interest Developments
• Computer Applications in Real Estate
• Escrows
• General Accounting
• Legal Aspects of Real Estate
• Mortgage Loan Brokering and Lending
• Property Management
• Real Estate Appraisal
• Real Estate Economics
• Real Estate Finance
• Real Estate Office Administration
Added (1). I got this info from the California Bureau of Real Estate.

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Tommy Robinson has been jailed for 18 months for mortgage fraud, is it a stitch up?

Your thoughts please

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Santa ana california lower mortgage rate scam?

Hello is this a scam? An elderly woman recently got an official looking letter in the mail from santa ana, california saying she may qualify for a lower rate. I don't have too much info and she isn't a computer person, however… She called the number they asked some questions and told her she qualifies but told her not to pay her mortgage for 2 months… She had to pay them about $3000. The name of the woman she spoke to was Nissa Rodriguez. Apparently she never heard from them again or can get anyone on the phone when she calls, and damaged her credit. I just wondered if anyone has a website about this scam that I can print out and give to her to read?

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Can refinancing be done without an appraisal?

Is there any kind of program that a person can obtain if they want to refinance their home but do not want to go through another appraisal? My mortgage is not owned by FreddieMac so I cannot obtain anything under the Harp2 program.
Added (1). Caren,

My home has already been appraised a number of times from previous refinancing with other financial companies and I do not feel another appraisal is necessary.

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How to remove a derogatory item off credit report?

Seven years ago my partner and I purchased a house and both our names went on the mortgage.
We separated a year ago and sold the house.
I have now been refused a loan due to the fact my then partner unbeknown to me at the time had missed 3 payments on our joint mortgage. I had only found out when we received a letter from the bank. We quickly made these payments and we are not in debt but this incident has had an effect on my credit score. This is the only thing, as I have never owed money or missed any payments beforeMy credit was good and I held and still hold these two credit cards.
How can this item be removed. There was no collection agency involved, or forclosure
But now I will not be able to have this loan or a mortgage
Added (1). Missed! Payments were cleared on receipt of letter from bank and NOT after house was sold. This non payment was not delinquent for such a time as to involve a collection agency neither was there foreclosure.
The house to be sold we put in the hands of real estate

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How to figure monthly mortgage payment?

Mary and Kevin buy a vacation home for $350,000. They pay $35,000 down and take out a 15-year mortgage for the remainder. If their annual interest rate is %6, how much will their monthly mortgage payment be?

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