新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
美國CPA《財務(wù)會計與報告》例題（3）
為了幫助廣大學(xué)員備戰(zhàn)2014年美國CPA考試，正保會計網(wǎng)校精心為大家整理了美國CPA考試各科目練習題，希望能夠提升您的備考效果，祝您學(xué)習愉快！
ABC Company owns stock in XYZ Company.The stock is traded on the New York Stock Exchange and the London Stock Exchange.Stock price information from the two stock exchanges on December 31 is as follows：
Exchange Quoted Stock Price Transaction Costs Net
New York $103 $1 $102
London $106 $5 $101
What is the fair value of the XYZ stock on December 31 if there is no principal market for the stock?
a.$101
b.$102
c.$103
d.$106
Explanation
Choice “c” is correct. If there is no principal market，then the price in the most advantageous market is the fair value of the stock.The most advantageous market is the market with the best price after considering transaction costs.Although the London quoted market price is higher，after transaction costs the net amount is lower，so New York is the most advantageous market and the fair value is $103.
【我要糾錯】 責任編輯：小敏
推薦閱讀
限時免費資料
-
思維導(dǎo)圖
-
學(xué)習計劃
-
科目特點
-
報考指南
-
歷年樣卷
-
財會英語
新用戶掃碼下載
京公網(wǎng)安備 11010802044457號