Other Comprehensive Basis of Accounting (OCBOA)includes All of the Following

question 41

Multiple Choice

Other Comprehensive Basis of Accounting (OCBOA) includes all of the following EXCEPT

• A)statements that conform to a regulatory agency.
• B)statements prepared on a tax basis.
• C)statements that conform to accounting principles that are generally accepted.
• D)statements prepared on a cash basis.

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Definitions:

Market Value

The existing rate for buying or selling a commodity or service in a trading environment.

Shares Outstanding

The total number of shares of a corporation that have been issued and are currently owned by shareholders.

Reverse Stock Splits

Reverse stock splits consolidate the number of existing shares of a company into fewer, proportionally more valuable shares.

Shares Outstanding

The total number of a company's shares currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.