Net Income is $150,000, dividends paid to preferred stock holder is $50,000 and weighted-avg number of common shares are 10,000. What is the basic EPS as per US GAAP?

Which of the following securities are reported on the balance sheet at amortized cost?

Your accounts payable increases from the prior year, what happens on the cash flow statement and in which section?

Which of the following securities are purchased with the intent of NEITHER holding them till maturity NOR to get profit over near term?

Which of the following securities are reported on balance sheets at fair value?

When should costs be recognized?

What is the requirement regarding the format of financial reports and comprehensive income?

What are companies required to present on their financial statements?

Which one of the secondary purposes of accounting for income taxes?

Which FASB statement addresses the proper accounting for contingent liabilities?

Why is the value of a derivative continually adjusted for accounting purposes?