財(cái)務(wù)會(huì)計(jì)準(zhǔn)則（sfas）第150號(hào)公告的經(jīng)濟(jì)后果【外文翻譯】_第1頁
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1、本科畢業(yè)論文（設(shè)計(jì)）外文翻譯外文題目TheEconomicConsequencesoftheStatementofFinancialAccountingStards(SFAS)No.150外文出處InternationalAdvancesinEconomicResearch2006外文作者RIDG.SCHROEDER原文：原文：TheEconomicConsequencesoftheStatementofFinancialAccount

2、ingStards(SFAS)No.150AbstractSFASNo.150“AccountingFCertainFinancialInstrumentswithacteristicsofBothLiabilitiesEquity“(SFAS150)requirescompaniestoreptmatilyredeemablepreferredstock(MRPS)asaliabilitythedividendsonthesesecu

3、ritiesasinterestexpense.ThepurposeofthisstudyistoexaminetheeconomicconsequencesofSFAS150_sadoptiononasampleofpubliccompanies.Ouranalysisindicatesthatadoptionresultedinbothintendedpossibleunintendedeconomicconsequences.Sp

4、ecifically:(1)theimpactofSFAS150onnonpubliccompaniescausedtheFASBtoreviewitspositiononthedisclosuresconcerningMRPS(2)somecompaniesredeemedtheirMRPSpritotheadoptiondateofthestard(3)approximately4%ofsamplefirmswererequired

5、todiscloseMRPSasaliability.(JELM41)Keywds:economicconsequencesFinancialAccountingStardsBoardSFAS150IntroductionUnftunatelythesedefinitionshaveleftmanyunresolvedquestionstheissuanceofSFAS150isaneffttopartiallyresolvesomeo

6、ftheissuessurroundingtheclassificationoffinancialstatementitemsaseitherdebtequity.TheobjectiveofSFAS150istorequireissuerstoclassifyasliabilitiescertainfinancialinstrumentsthatrepresentobligations.SFAS150definesobligation

7、sasconditionalunconditionaldutiesresponsibilitiestotransferassetstoissueequityshares.Ifuponissuanceofsharesofstockanentitydoesnotincuranobligationtoredeemthesharesthentheentitydoesnotincuranobligationtotransferassetsissu

8、eadditionalequityshares.HowevercertainissuancesofstocksuchasMRPSdoimposeanobligationthatrequirestheissuertotransferassetsissueitsequityshares.ThusaccdingtoSFAS150unlesstheredemptionofredeemablestockisrequiredtooccuronlyu

9、pontheliquidationterminationofthereptingentitythestockshouldbeclassifiedasaliability.Redemptionprovisionsarecommonfeaturesofagreementsenteredintoamongtheownersofcloselyheldbusinesses.Theseagreementswhichareoftenreferredt

10、oasshareholder’sbuysellagreementsprovidefthederlydispositionoftheownersinvestmentinthecompanyupontheirseparationfromthecompanyusuallyatretirementdisabilitydeath.Becausethereisnomarketftheequitysecuritiesofacloselyheldcom

11、panydepartingownerstheirheirsmustrelyonthecompanytheremainingownerstoprovidethemwithliquidity.Redemptionbythecompanyisusuallyfavedoverrequiringtheremainingownerstofundabuyoutbecausetheremainingownersmaynothavethenecessar

12、yfinancialresources.PritotheissuanceofSFAS150ownersequitythatwasredeemablepursuanttoabuysellagreementwasaccountedfasequitynotdebttheexistencesignificanttermsofthebuysellagreementarerequiredtobedescribedinthenotestofinanc

13、ialstatements.TheprovisionsofSFAS150relatingtoMRPSwereseenaspotentiallydevastatingtothesecloselyheldnonpubliccompanies.AlargenumberofsuchfirmsincludingmanypublicaccountingfirmshaveissuedMRPS.Asaresulttheeffectofthestardw

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