F1 P2

Question 1

Are stock options considered in EPS

Answer 1

NO

Question 2

When are contingent liabilities included in basic EPS

Answer 2

Id dilutive and if all other criteria is met

Question 3

When we have convertible bonds when how do we account for the stock relating to it

Answer 3

We have to use the weighted average of that stock and add it to the denominator

Question 4

S-X

Answer 4

Requirements for annual and interim FS

Question 5

S-B

Answer 5

Disclosures required for small businesses

Question 6

S-K

Answer 6

Non financial reporting requirements

Question 7

S-T

Answer 7

Rules regarding electronic filing

Question 8

If no new accounting principals are adopted then what to we use as a reference

Answer 8

The latest annual report for the company

Question 9

If it is an investment change what is affected

Answer 9

OCI even if it is a transaction change

Question 10

Changes in values of equity securities

Answer 10

Income statement

Question 11

What are customer deposits?

Answer 11

Advancements from customers (unearned revenues)