Which Organization,in Addition to the Financial Accounting Standards Board (FASB),occasionally

question 165

Multiple Choice

Which organization,in addition to the Financial Accounting Standards Board (FASB) ,occasionally issues authoritative rules for financial statements?

• A)The Accounting Profession
• B)International Accounting Standards Board (IASB)
• C)Securities and Exchange Commission (SEC)
• D)Internal Revenue Service (IRS)

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Definitions:

Floating-rate Bonds

Bonds that have a variable interest rate, which adjusts periodically according to a benchmark interest rate or index.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, representing the annual interest paid by the issuer to the bondholder.

Convertible Bond

This is a bond that provides the holder the ability to convert it into a set number of shares of the issuer's stock at agreed-upon times over the bond's term, often by the choice of the investor.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.