1
Q
Stock Rights
A
2
Q
Stock Options
A
3
Q
Stock Warrants
A
4
Q
No Par Common Stock Subscribed
A
If collectibility reasonably assured, the excess of the subscription price over the stated value of no par common stock should recorded as APIC when subscription recorded
5
Q
Treasury Stock - cost Method
A
Cost method is single transaction concept
TS
6
Q
Treasury Stock- par method
A
7
Q
Investments in Debt Securities
A
HTM - amortized cost / current or noncurrent assets - no unrealized gains/losses
Trading - FV / current asset- unrealized holding gains/losses in net income
AFS - FV / current or noncurrent asset- OCI separate item of stockholder equit
CPA Exam
flashcards
Decks in class (17)
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