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What is the accounting for contingencies

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Reference no: EM133175540

Question -

1. What is the definition and the proper accounting for mandatorily redeemable preferred stock.

2. What is the four basic reasons why a corporation may wish to issue debt rather than equity securities.

3. What is the accounting for long-term notes payable as originally described in APB Opinion No. 21.

4. What is the accounting for contingencies?

5. What is a derivative? Describe the accounting treatment for fair value and cash flow hedges required by SFAS No. 133.

Reference no: EM133175540

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