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My CPA-FARmodule15 Quiz

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1. Define requisite service period. service inception date.




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2. What is debt to equity? How is it calculated?




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3. In what order are classified equity interests put (from highest to lowest) for a bankruptcy procedure?




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4. What are the sources of income that require a basic EPS calculation?




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5. What is a dividend payout? How is it calculated?




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6. What is a stock appreciation right?




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7. When stock is issued with other securities for a lump sum, how is the proportional method calculated?




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8. What is an employee stock ownership plan? what happens if payment is secured by employeer?




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9. What are scrip dividends? How recorded?




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10. In reorganizations, what happens to the balance sheet?




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11. when more stock is issued existing shareholders have preemptive privalage to keep the same % of voting rights




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12. entity acquires goods/services by issuing shares, share options, or other equity instruments




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13. a firm's own stock repurchased on the open market - not an asset (owning shares of itself!) serves as reduction of stockholders equity




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14. 1 Grant date FV equity instrument 2 Observable market price op option with similar terms or estimate with pricing model or intrinsic value (market value stock- $ employee pay). All net of amount employee pays 3 straight line over requisite service perio




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15. Stockholders is decreased by treasury stock. RE is an account underneath stockholders equity, and is not affected by treasury stock.




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16. Diluted EPS adds common shares held that would be outstanding (convertible preferred stock or bonds) to denominator. - pretend convert on 1st of year add some interest expense back to numerator (NI)




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17. 1. fully participating mean if the common shareholders get a greater % dividend then the stated preferred amount, preferred stock holders would get the higher amount 2. if skip dividends a year, made up to preferred holders before common get dividends




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18. restricts RE to show that assets in the amount of the appropriation are not available for dividends Debit- RE Credit- Reserve for RE Reverse when reserve no longer needed




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19. company can either return the money, keep it, or hold to cover any losses on resale and then return the balance




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20. 1. not a meaningful measure because assets are carried at historical costs 2. Common Stockholders Equity/ Common Shares outstanding





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