Please describe the reporting of preferred stock consistent with the U.S. GAAP
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- Mandatorily redeemable preferred stock (preference shares) is reported among liabilities and their dividends are reported in the income statement as interest expense using a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.Where in the financial statements is preferred stock normallyreported?Access the FASB Accounting Standards Codification at the FASB website ( asc.fasb.org ). Determine the specific citation for accounting for each of the following items: 1. Initial measurement of stock options. 2. The measurement date for share-based payments classified as liabilities. 3. The formula to calculate diluted earnings per share. 4. The way stock dividends or stock splits in the current year affect the presentation of EPS in the income statement.
- Compare and contrast the pronouncements for equity investments: SFAS No. 115 and International accounting standard IAS No. 39 and 40. State the similaries and differences.Which of the following does not represent a pair of GAAP/IFRS-comparable terms? a. Additional paid-in capital/Share premium. b. Treasury stock/Repurchase reserve. c. Common stock/Share capital—ordinary. d. Preferred stock/Preference shares.What are some similarities and differences between the NYSE and theNASDAQ Stock Market?
- What is the difference between common stock, preferred stock, and treasury stock? Essay Toolbar navigation В I U SDiscuss the findings of Fama and French (1988) "Permanent and temporary components of stock prices"Access the FASB Accounting Standards Codification at the FASB website and select Basic View for free access. Determine the specific seven-, eight-, or nine-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items: Required: 1. Initial measurement of stock options. 2. The measurement date for share-based payments classified as liabilities. 3. The formula to calculate diluted earnings per share. 4. The way stock dividends or stock splits in the current year affect the presentation of EPS in the income statement.
- Which of the following is the second priority in the valuation of shares issued for services received? Par Value of shares FV of services Billings on services FV of sharesDistinguish between common stock and preferred stock,and explain the difference between market value andintrinsic valueBriefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for stockholders’ equity.