Question
FASB CODIFICATION FASB Codification References [1] FASB ASC 480-10-25. [Predecessor literature: Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity, Statement of
FASB CODIFICATION
FASB Codification References
[1] FASB ASC 480-10-25. [Predecessor literature: Accounting for Certain Financial Instruments with Characteristics of Both
Liabilities and Equity, Statement of Financial Accounting Standards No. 150 (Norwalk, Conn.: FASB, 2003), par. 23.]
[2] FASB ASC 470-20-45. [Predecessor literature: Induced Conversions of Convertible Debt, Statement of Financial Accounting
Standards No. 84 (Stamford, Conn.: FASB, 1985).]
[3] FASB ASC 470-20-25-1 to 2. [Predecessor literature: Accounting for Convertible Debt and Debt Issued with Stock Purchase
Warrants, Opinions of the Accounting Principles Board No. 14 (New York, NY: AICPA, 1973).]
[4] FASB ASC 470-20-30. [Predecessor literature: Accounting for Convertible Debt Instruments that May Be Settled in Cash
Upon Conversion, FASB Staff Position No. 14-1 (Norwalk, Conn: FASB, 2008).]
[5] FASB ASC 718-10-10. [Predecessor literature: Accounting for Stock-Based Compensation, Statement of Financial Account- ing Standards No. 123 (Norwalk, Conn: FASB, 1995); and Share-Based Payment, Statement of Financial Accounting Standard No. 123(R) (Norwalk, Conn: FASB, 2004).]
[6] FASB ASC 260-10-45-2. [Predecessor literature: Earnings per Share, Statement of Financial Accounting Standards No. 128 (Norwalk, Conn: FASB, 1997).]
[7] FASB ASC 260-10-50. [Predecessor literature: Earnings per Share, Statement of Financial Accounting Standards No. 128, (Norwalk, Conn.: FASB, 1997.)]
Exercises
If your school has a subscription to the FASB Codification, go to http://aaahq.org/ascLogin.cfm to log in and prepare responses to the following. Provide Codification references for your responses.
CE16-1 Access the glossary (Master Glossary) to answer the following.
(a) What is the definition of basic earnings per share?
(b) What is dilution?
(c) What is a warrant?
(d) What is a grant date?
CE16-2 For how many periods must a company present EPS data?
CE16-3 For each period that an income statement is presented, what must a company disclose about its EPS?
CE16-4 If a companys outstanding shares are increased through a stock dividend or a stock split, how would that alter the presentation of its EPS data?
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