Questions from Intermediate Accounting

Q: What international standard governs the accounting for derivatives? How does this

What international standard governs the accounting for derivatives? How does this standard differ from U.S. GAAP?

Q: How should contingent liabilities that are reasonably possible of becoming liabilities be

How should contingent liabilities that are reasonably possible of becoming liabilities be reported in the financial statements?

Q: What is the two-class method?

What is the two-class method?

Q: Under what circumstances should the existence of an environmental liability be considered

Under what circumstances should the existence of an environmental liability be considered “probable”?

Q: What is meant by dilution of EPS?

What is meant by dilution of EPS?

Q: What is an antidilutive security? Why are such securities generally excluded

What is an antidilutive security? Why are such securities generally excluded from the computation of EPS?