Fasb Codification

(A) The authoritative literature that addresses the disclosure of information about chap structure is FAS 129, titled Disclosure of Information about gravid 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 cordial 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) prefer Stock a security that has preferential rights compare to capital stock. (C) What information about securities must companies disclose? Discuss how Hincapie should swathe up the proposed preferred stock issue.

* General Disclosure- either on the case of the financial statement by means of parenthetical expression 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 flesh of shares of equity securities during at least the most recent one-year fiscal close and any subsequent interim flow rate 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 505-10-50-3: An entity shall explain, in su! mmary form inwardly its financial statements, the pertinent rights and privileges of the miscellaneous securities outstanding. Examples of information that shall be expose are dividend and liquidation preferences, community rights, call prices and dates, conversion of...If you fate to get a spacious essay, order it on our website: OrderCustomPaper.com

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