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- 2011-7-11
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- 2016-9-7
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FSA related random questions
1) The amount for minority interest in the balance sheet and the income statement should match the ones claimed by the 'other company' (the amount in the income statement will be subracted if there's a gain and added for a loss).
Can you please explain the process involved in ensuring the amounts claimed by both of the companies are identical?
2) Are bank overdrafts considered part of an Operating Activity under IFRS and Financing under GAAP?
3) The following is an exerpt from Schweser (SS #8, page 67)
Interest paid on bonds is typically tax deductible for the firm. If convertible bonds are converted to stock, the firm saves the insterest cost but loses the tax deduction. Thus, only the after-tax interest savings are added back to income available to common shareholders.
Why would there be any interest savings (let alone after-tax) if the bonds are already converted to stock?
4) Can you please clarify how are stock options and warrants dilutive when their excercise prices are less than the average market price of a stock over the year?
5) At the end of an accounting period, net income is added to stockholder's equity (SE) via retained earnings. Any dividends paid will come out of retained earnings and will reduce SE. Is this correct?
6) If there are gains in FX trades it is to be recorded in Other Comprehensive Income under SE. This trade gain will never show up in the Income statement - is this correct?
7) How can inventories be recognized as an expense?
Thanks! |
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发表于 2011-7-13 15:51
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