新用户扫码下载
扫码下载APP
及时接收最新考试资讯及
备考信息
美国CPA《财务会计与报告》例题（3）
为了帮助广大学员备战2014年美国CPA考试，正保会计网校精心为大家整理了美国CPA考试各科目练习题，希望能够提升您的备考效果，祝您学习愉快！
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.
【我要纠错】 责任编辑：小敏
新用户扫码下载
京公网安备 11010802044457号