Questions from General Accounting

Q: What does the term “social reality” mean and why are

What does the term “social reality” mean and why are accounting and accounting theory important examples of it?

Q: Distinguish among the terms realized, realizable, and realization.

Distinguish among the terms realized, realizable, and realization.

Q: Is capital maintenance oriented toward proprietary theory or entity theory?

Is capital maintenance oriented toward proprietary theory or entity theory?

Q: If Watts and Zimmerman are correct that managers of very large firms

If Watts and Zimmerman are correct that managers of very large firms oppose accounting standards that would raise their income and favor those that would lower it, what policy implications would this...

Q: Would a regular quarterly announcement of earnings-per-share which

Would a regular quarterly announcement of earnings-per-share which is “good” be an example of signaling? What about early adoption of a new accounting standard that would reduce income?

Q: What is the relationship between the economic consequences of accounting standards and

What is the relationship between the economic consequences of accounting standards and the quality of neutrality presented in SFAC No. 8?

Q: Stewardship is absent from SFAC No. 8; why?

Stewardship is absent from SFAC No. 8; why?

Q: Under financial statement insurance why would the relation between the firm and

Under financial statement insurance why would the relation between the firm and its auditor and investors bear a slight resemblance to the relationship between Saddam Hussein and the weapons inspector...

Q: At present time, the U.S. federal income tax

At present time, the U.S. federal income tax code allows corporations to deduct interest expense but not cash dividends paid to stockholders. Does the tax code tie in with any of the equity theories?...

Q: Why do companies, even those with “bad news,” have

Why do companies, even those with “bad news,” have an incentive to disclose financial reporting information?