SFAS No. 150 and Mandatorily Redeemable Preferred Stock
Mulford, Charles W.
Ely, Michael L.
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In May 2003, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 150 – Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity. This report highlights the provisions of SFAS 150 and the impact it will have on selected companies’ financial statements.