Fasb Codification

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

* General Disclosure- either on the case of the monetary statement by means of parenthetic 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 takings of shares of equity securities during at least the most recent yearbook fiscal close and any subsequent interim result presented is required to render the financial statements sufficiently informative. Disclosure of such(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 summary form ins! ide 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 take to get a spacious essay, order it on our website: OrderCustomPaper.com

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