FASB codification research
• LO19–2
The FASB Accounting Standards Codification represents the single source of authoritative U.S. generally accepted
accounting principles.
Required:
1. Obtain the relevant authoritative literature on stock compensation using the FASB Accounting Standards Codification at the FASB website (www.fasb.org). What is the specific citation that describes the information that companies must disclose about the exercise prices for their stock option plans?
2. List the disclosure requirements.
Want to see the full answer?
Check out a sample textbook solutionChapter 19 Solutions
INT. ACCOUNTING<CUSTOM>W/CONNECT 2-YEA
Additional Business Textbook Solutions
Financial Accounting
Financial Accounting: Tools for Business Decision Making, 8th Edition
Fundamentals of Financial Accounting
Horngren's Accounting (11th Edition)
Advanced Financial Accounting
Accounting for Governmental & Nonprofit Entities
- 20. Under PFRS9, investment in equity securities not held for trading are classified as: * a. FVPL b. Either FVPL or FVOCI, depending on the entity’s business model c. FVOCI, if the entity opted to carry as FVOCI, otherwise, carried as d. FVPL FVOCIarrow_forward16 PFRS 9 permits an entity to make an irrevocable election to present in other comprehensive income changes in the fair value of an investment in an equity instrument. Amounts presented in other comprehensive income May be subsequently transferred to profit or loss. Shall be subsequently transferred to retained earnings. Group of answer choices Neither 1 nor 2 Either 1 or 2 1 only 2 onlyarrow_forward5. Changes in the fair value of the effective portion of a hedging financial instrument are recognized as a part of current earnings of the period for which of the following? Cash Flow Hedge Fair Value Hedge a. Yes Yes b. No Yes c. Yes No d. No No Multiple Choice a. b. c. d.arrow_forward
- 32 Which of the following is NOT regulated by Securities Commission (SC)? Select one: Bond market Equity market Derivatives market Money marketarrow_forwardQ19 Which of the following accounting standards regulate the preparation and presentation of consolidated financial statements? (i) IAS 27, Consolidation and Separate Financial Statements (ii) IFRS 10, Consolidated Financial Statements (iii) IFRS 12, Disclosure of Interests with Other Entities (iv) IAS17, Leases Select one: a. (i), (ii) and (iii) only b. (i) only c. (i), (ii), (iii) and (iv) d. (ii) and (iii) onlyarrow_forwardRead Section 1367 1. What items increase shareholder basis? 2. What items decrease shareholder basis? ReadReg.Section1.1366-2 1. What did the Maguire case hold?arrow_forward
- Accounting Information SystemsFinanceISBN:9781337552127Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan HillPublisher:Cengage Learning
- Corporate Financial AccountingAccountingISBN:9781305653535Author:Carl Warren, James M. Reeve, Jonathan DuchacPublisher:Cengage Learning