Question
FASB CODIFICATION FASB Codification References and For each of the questions, you must also specify the search string that you used to search the database
FASB CODIFICATION
FASB Codification References and For each of the questions, you must also specify the search string that you used to search the database to get your answer. You can simply cut and paste the search string from the codification website. Please provide codification references for all exercises.
[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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