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Proposed reclassification of redeemable preferred stock: The impact on financial statement ratios
Author(s) -
Wertheim Paul,
Schneider Douglas
Publication year - 1992
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.3970040207
Subject(s) - liability , business , financial statement , stock (firearms) , accounting , financial ratio , finance , mechanical engineering , audit , engineering
Abstract The FASB proposal to report redeemable preferred stock as a liability could have a big impact on your firm's financial statements, distorting the financial ratios used to evaluate company performance.