FASB Codification Guide-2

E form and content redeemable preferred stock and

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Unformatted text preview: Topic 480, Distinguishing Liabilities from Equity. Then navigate to the landing page for Section 45, Other Presentation Matters, of that Subtopic. a. Observe that both Section 45 and Section S45 are shown in the ―Table of Contents‖ outline near the top of the Section’s page and that each of those Sections contains a General Subsection as shown in the outline. b. Expand the outline for the General Subsection of Section S45. Observe that the Subsection’s three first-level paragraph groups are displayed in the outline (i.e., Form and Content; Redeemable Preferred Stock; and Classification of Redeemable Securities). c. Expand the outline for the Classification of Redeemable Securities paragraph group of the General Subsection of Section S45. Observe that the paragraph group’s three second-level paragraph groups are displayed in the outline (i.e., General; Classification of Certain Redeemable Financial Instruments Awarded in Conjunction with Share-Based Payment Arrangements; and Classification by a Sponsor of Puttable Securities Held by an Employee Stock Ownership Plan). Lesson 3: Working with Section-Level Content 33 d. Navigate to the General paragraph group within the Classification of Redeemable Securities paragraph group of the General Subsection of Section S45 by clicking the paragraph group’s title in the ―Table of Contents‖ outline. Observe that the page has been scrolled down to the paragraph labeled ―S45-3,‖ which is the first paragraph of the paragraph group. e. Observe that the text of paragraph S45-3 is ―See paragraph 480-10-S99-3A, SEC Staff Announcement: Classification and Measurement of Redeemable Securities, for SEC Staff views on classification of mandatorily redeemable securities.‖ Also observe that the citation ―480-10-S99-3A‖ (i.e., paragraph 3A of Section S99 of Subtopic 10 of Topic 480) is a link to the cited paragraph. Click the link to navigate to the cited paragraph. f. Observe that you have navigated to the page for Section S99 of Subtopic 10 of Topic 480 and that the page was automatically scrolled down to the paragraph labeled ―S99-3A,...
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This note was uploaded on 03/27/2014 for the course ECON 12586 taught by Professor Yorambarzel during the Fall '09 term at University of Washington.

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