Treasury Stock Entity’s own outstanding shares –> repurchased by the entity Presentation of treasury stock Cost of treasury stock is not reported as an asset
Category: U.S. GAAP by Topic
Stock Dividends, Stock Splits 1. Issuance of new common shares –> to the existing shareholders 2. Without consideration –> Recipients do not pay for new
Equity or Liabilities ? SFAS No. 150, May 2003 “Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity” FASB Staff Position FAS
Gain contingency –> a gain will incur if certain future events occur or not occur Recognition of a gain contingency –> a gain contingency is
Loss contingency –> a loss will incur if certain future events occur or not occur Recognition of a loss contingency 1. Recognized in the financial
Contingencies 1. Gain contingency –> a gain will incur if certain future events occur or not occur 2. Loss contingency –> a loss will incur