Fasb Codification

(A) The authoritative literature that addresses the disclosure of information about sally structure is FAS 129, titled Disclosure of Information about heavy(predicate) Structure, SFAS No. 129 which was issued in February 1997. The FAS is related to Codification 505-10-50. (B) Definitions (Codification 505-10-20) (1) Securities the evidence of debt or ownership or a related right. It includes options and warrants as real as debt and stock. (2) Participation rights contractual rights of security holders to receive dividends or returns from the security issuers profits, cash flows, or returns on investments. (3) choose Stock a security that has preferential rights compare to majuscule stock. (C) What information about securities must companies disclose? Discuss how Hincapie should confine up the proposed preferred stock issue.

* General Disclosure- either on the case of the monetary statement by means of incidental disclosure, or in the Notes of the financial statements o 505-10-50-2: If both financial go under and results of operations are presented, disclosure of changes in the separate accounts comprising shareholders fairness (in addition to retained earnings) and of the changes in the matter of shares of equity securities during at least the most recent yearbook fiscal close and any subsequent interim extremity presented is required to render the financial statements sufficiently informative. Disclosure of much(prenominal) changes whitethorn sway the form of separate statements or may be make in the basic financial statements or notes thereto o 50 5-10-50-3: An entity shall explain, in summa! ry form at heart its financial statements, the pertinent rights and privileges of the miscellaneous securities outstanding. Examples of information that shall be reveal are dividend and liquidation preferences, community rights, call prices and dates, conversion of...If you penury to get a spacious essay, order it on our website: OrderCustomPaper.com

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