Question: 1. Are distinctions between the debt and equity classifications airtight?
2. Why is there an implicit recognition of fair Value in the 1984 Revised Model Business Corporation Act?
3. How does the asset impairment measurement approach of SFAS No.
5. Why are interest rate swaps a zero sum game?
6. What is a securitization and why do firm's use this technique?
7. Of the various reasons for dealing in treasury stock, which do you think is the most questionable?