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A.as an asset
B.as a decrease in stockholders equity
C.as an increase in stockholders equity
D.treasury stock is not shown on the balance sheet
答案
更多“How is treasury stock shown on the balance sheet？（)”相关的问题
第1题
(i) Following an investigation you discover that commissions were paid to a senior official in one country to ensure that the local drug licensing agency concerned facilitated the acceptance of one of your principal revenue earning drugs for use within its national health service.
(ii) You have discovered that an agent of your firm, aware that the licensing agreement might be forthcoming,
purchased several call option contracts on your company’s equity.
(iii) A senior member of the firm’s treasury team has been taking substantial positions in currency futures in order to protect the risk of loss on the translation of dollar assets into the domestic currency. Over the last 12 months significant profits have been made but the trades do not appear to have been properly authorised. You discover that a long position in 50, $250,000 contracts is currently held but over the last four weeks the dollar has depreciated by 10% and all the signs are that it will depreciate considerably more over the next two months.
(iv) One drug company has managed to copy a novel drug that you have just released for the treatment of various forms of skin cancer. You have patent protection in the country concerned but your company has not been able to initiate proceedings through the local courts. Contacts with the trade officials at your embassy in the country concerned suggest that the government has made sure that the proceedings have not been allowed to proceed.
The company’s chief financial officer has asked you to look into these issues and, with respect to (iv), any World Trade
Organisation (WTO) agreements that might be relevant, and to advise her on how the company should proceed in each case.
Required:
Prepare a memorandum advising the Chief Financial Officer on the issues involved and recommending how she should, in each case and in the circumstances, proceed.
第2题
Treasury bills are short-term and virtually free of default risk.
A．Right
B．Wrong
C．Doesn't say
第3题
(ii) the strategy of the business regarding its treasury policies. (3 marks)
(Marks will be awarded in part (b) for the identification and discussion of relevant points and for the style. of the
report.)
第4题
The reasons for the popularity of Treasury bills are the following except that ______.
A．they are the only money market instruments affordable to individual investors
B．they are highly liquid
C．they are risk-free
D．they give higher return than other money market instruments
第5题
A．Right
B．Wrong
C．Doesn't say
第6题
A．Right
B．Wrong
C．Doesn't say
第7题
Which of the following are interest-earning securities？
A．Bank deposit certificates in Eurodollars.
B．Gilt-edged stocks.
C．United States Treasury Bonds.
D．All of the above.
第8题
(46)
A．treasure
B．assets
C．investment
D．capital
第9题
5 The International Accounting Standards Board (IASB) is currently in a joint project with the Accounting Standards
Board (ASB) in the UK and the Financial Accounting Standards Board (FASB) in the USA in the area of reporting
financial performance/comprehensive income. The main focus of the project is the development of a single statement
of comprehensive income to replace the income statement and statement of changes in equity. The objective is to
analyse all income and expenses and categorise them in a way that increases users’ understanding of the results of
an entity and assists in forming expectations of future income and expenditure. There seems to be some consensus
that the performance statement should be divided into three components being the results of operating activities,
financing and treasury activities, and other gains and losses.
Required:
(a) Describe the reasons why the three accounting standards boards have decided to cooperate and produce a
single statement of financial performance. (8 marks)
第10题
PartA 2. The National Association of Securities Dealers is investigating whether some brokerage
houses are inappropriately pushing individuals to borrow large sums on their houses
to invest in the stock market. Can we persuade the association to investigate would-be privatizers of Social Security？ For it is now apparent that the Bush administration’s privatization proposal will amount to the same thing: borrow trillions, put the
money in the stock market and hope.
Privatization would begin by diverting payroll taxes, which pay for current Social
Security benefits, into personal investment accounts. The government would
have to borrow to make up the shortfall. This would sharply increase the government’s debt. “Never mind”, privatization advocates say, “in the long run, people would
make so much on personal accounts that the government could save money by cutting retirees’
benefits.Even so, if personal investment accounts were invested in Treasury bonds,
this whole process would accomplish precisely nothing. The interest workers would receive on,
their accounts would exactly match the interest the government would
have to pay on its additional debt. To compensate for the initial borrowing,
the government would have to cut future benefits so much that workers would gain nothing at all.
However, privatizersclaim that these investments would make a lot of
money and that, in effect, the government, not the workers, would reap most of those gains,
because as personal accounts grew, the government could cut benefits.
We can argue at length about whether the high stock returns such schemes assume are realistic
(they arent), but lets cut to the chase: in essence, such schemes
involve having the government borrow heavily and put the money in the stock market. That’s because the government would, in effect, confiscate workers’gains in their personal accounts by cutting those workers’ benefits.
Once you realize whatprivatization really means, it doesn’t sound too responsible, does it？ But the details make it considerably worse. First,
financial markets would, correctly, treat the reality of huge deficits today as a much more
important indicator of the governments fiscal health than the mere promise that government could save money by
cutting benefits in the distant future. After all, a government bond is a legally binding
promise to pay, while a benefits formula that supposedly cuts costs 40 years from now is nothing
more than a suggestion to future Congresses.
If a privatization plan passed in 2005 called for steep benefit cuts in 2045,
what are the odds that those cuts would really happen？ Second,
a system of personal accounts would pay huge brokerage fees. Of course, from Wall Street’s point of view that’s a benefit, not a cost.
第26题：According to the author, “privatizers”are those_____.
[A] borrowing from banks to invest in the stock market [B] who invest in Treasury bonds
[C] advocating the government to borrow money from citizens [D] who earn large sums of money in personal
accounts
