Accounting Treatment of Preferred Stock Financing
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DOI: 10.25236/edssr.2020.059
Corresponding Author
Jiancheng Fan
Abstract
in this paper, the financing situation of preferred stock is elaborated, and relevant accounting standards are combed. Based on the substance and the formal principle, starting from the basic attributes of liabilities, we analyze the contradictions in the accounting treatment of preferred stock and do not conform to the definition of liabilities.
Keywords
Preferred stock, Financial liabilities, Accounting theory