Questions from General Accounting


Q: Why are interest rate swaps a zero sum game?

Why are interest rate swaps a zero sum game?

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Q: Distinguish between the discrete and integral views of quarterly information disclosure.

Distinguish between the discrete and integral views of quarterly information disclosure.

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Q: Evaluate the attempt by the FASB to separate stock options from stock

Evaluate the attempt by the FASB to separate stock options from stock appreciation rights that are payable in cash?

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Q: Should incentive and nonqualified stock options be treated the same on the

Should incentive and nonqualified stock options be treated the same on the financials?

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Q: Why are convertible bonds and convertible preferred stock not examples of embedded

Why are convertible bonds and convertible preferred stock not examples of embedded derivatives?

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Q: What advantages do you see for classifying interest expense as an investing

What advantages do you see for classifying interest expense as an investing cash flow rather than an operating cash flow? What is the advantage of classifying it as an operating cash flow? What is the...

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Q: In SFAS No. 154, changes in accounting principle result in

In SFAS No. 154, changes in accounting principle result in a restatement, whereas under APB Opinion No. 20, a change in accounting principle is handled in a pro forma manner. How does a restatement di...

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Q: Why, in practical terms, is it impossible to separate deductive

Why, in practical terms, is it impossible to separate deductive and inductive approaches to theoretical reasoning?

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Q: What is the relationship among scientific method, accounting research, and

What is the relationship among scientific method, accounting research, and accounting policy making?

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Q: Why does codification presume a democratic setting?

Why does codification presume a democratic setting?

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