Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
A+ACC 423 Final Exam |
ACC 423 Final Exam 100% Correct 1) Proceeds from an issue of debt securities having stock warrants should NOT be allocated between debt and equity features when A. the allocation would result in a discount on the debt security B. the warrants issued with the debt securities are nondetachable C. exercise of the warrants within the next few fiscal periods seems remote D. the market value of the warrants is NOT readily available 2) The conversion of preferred stock may be recorded by the A. market value method B. par value method C. book value method D. incremental method 3) The conversion of preferred stock into common stock requires that any excess of the par value of the common shares issued over the carrying amount of the preferred being converted should be A. treated as a prior period adjustment B. treated as a direct reduction of retained earnings C. reflected currently in income as an extraordinary item D. reflected currently in income, but NOT as an extraordinary item |
|
|
http://www.homeworkstudent.com/products/final-exam?pagesize=60 |
http://www.homeworkstudent.com/products/final-exam?pagesize=60 |
|
|
homeworkstudent.com is a commerical website helps the students in assignment solutions. High Quality, Fresh Online Study and more |
homeworkstudent.com is a commerical website helps the students in assignment solutions. High Quality, Fresh Online Study and more |
