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Terms in this set (22)

Book Value Per Common Share
((Total stockholder equity) - (amount due preferred)) / ((Issued shares) - (treasury stock shares))
Put Option
The right to sell at a stated price
Call Option
The right to purchase at a stated price
Fair Value
For a GAAP impairment test, carrying value is compared to ___ ___
Recoverable Amount
For an IFRS impairment test, carrying value is compared to ___ ___
Fair Value
A security transferred from trading to AFS is recorded at ___ ___
Funded Status
A company with a defined benefit pension plan must provide a reconciliation of the ___ ___ of the plan in the notes to its financial statemnts
Amortized Cost
IFRS: bonds held for collection are accounted for at ___ ___
Fiduciary
A private purpose trust is a ___ fund
Imposed Nonexchange
Property Taxes are classified as ___ ___ Revenues
Salvage
___ is ignored when using the double declining method of depreciation
Statistical tables
part of the comprehensive annual financial report that records financial trends over ten financial years
Impaired
If future cash flow is less than the equipment's carrying value, the equipment is ___
Carrying, Fair
___ value (less) ___ value = impairment loss
Realization
the exchange of noncash resources (eg, goods, services) for cash, a claim to cash, or a noncash asset convertible to a known amount of cash
Position, activities, cash flows
Nongovernmental not-for-profit organizations are required to provide statement of ___, statement of ___, and statement of ___ ___
Intercompany Transactions
When creating combined financial statements, eliminate ___ ___
Derivative
Type of financial instruments with notional amount or payment provision based on changes in one or more underlying variable
R&D
Development or improvement of techniques and processes is an example of ___
Notes
A government's significant accounting policies are disclosed in the ___
Average Total Assets
Net credit sales/ total assets turnover
Net Credit Sales
Average Receivables x Receivables Turnover
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