Answer to Q2As a listed public company, AMGL is required to produce a remuneration report to be voted on by shareholders at its annual general meeting (AGM). Two of its shareholders, ABC Asset Management LP and Canny Ltd, have indicated to AMGL’s chairman that they intend to vote against the report at the AGM because they believe the remuneration arrangements for senior executives are too generous. They think a number of small shareholders will vote with them.

What feature allows others (typically managers) to vote for shareholders who don't want to attend the annual meeting?     Straight voting     Cumulative voting     Staggered voting     Proxy voting

Which of the following corporations have shares generally available to the public and tend to be managed by professional managers who own small percentages of the company? Multiple Choice Close corporations S corporations All for-profit corporations Publicly held corporations

Stock dividends and stock splits are similar in that both do not change total stockholders’ equity. (True/False) A company must accrue a liability for sick pay that accumulates but does not vest. (True/False) A company may exclude a short-term obligation from current liabilities if the firm can demonstrate an ability to complete a refinancing. (True/False) Federal income taxes should be included in an employer’s payroll tax expense. (True/False) Whether an employee earns $80,000 a year or $800,000 a year, all of the earnings will be subject to Medicare deductions. (True/False)   To record compensated absences as a liability GAAP establishes four criteria. The employer needs to meet any two of these four criteria in order to recognize a liability for compensated absences. (True/False)   Stock dividends and stock splits both cause the number of shares outstanding to increase and retained earnings to decrease. (True/False)

You are the financial controller of Black Stone PLC, a listed company which prepares consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). Your managing director, who is not having a background in accounting, has requested you to clarify his questions (given below in points i & ii) concerning segment reporting, with relevant examples:i. In which circumstance the company can able to declare a segment as reportable segment even if they do not meet the quantitative thresholds? Explain the disclosure requirement on reportable operating segments.

At its recent general meeting, a shareholder asked the board to explain how it decides whether certain financial instruments are classified as equity whereas other seemingly similar financial instruments are classified as debt. The shareholder suggested that the directors do not understand the impact of the classification on investors and their analysis of the financial statements. Required(i) Explain the key classification differences between debt and equity under International Financial Reporting Standards (IFRSs).(ii) Explain why it is important for entities to understand the impact of the classification of a financial instrument as debt or equity in the financial statements.

Richardson Company is contemplating the establishment of a share-based compensation plan to provide long-run incentives for its top management. However, members of the compensation committee of the board of directors have voiced some concerns about adopting these plans, based on news accounts related to a recent accounting standard in this area. They would like you to conduct some research on this recent standard so they can be better informed about the accounting for these plans.InstructionsIf your school has a subscription to the FASB Codification, go to http://aaahq.org/ascLogin.cfm to log in and prepare responses tothe following. Provide Codification references for your responses. (a) Identify the authoritative literature that addresses the accounting for share-based payment compensation plans.(b) Briefly discuss the objectives for the accounting for stock compensation. What is the role of fair value measurement?(c) The Richardson Company board is also considering an employee…

To participate in a shareholders' meeting, a shareholder must present a proxy. O True 3000 O False