For each of the following pieces of information, state whether it should be included in, or excluded
Question:
For each of the following pieces of information, state whether it should be included in, or excluded from, the facts section of an issues memo assumes that the objective of the issues memo is to evaluate the accounting by:
a company for the repurchase of its own stock. Briefly explain your reasoning.
a. The fact that the issuer is a public company.
b. The market value of the company’s stock on the date the program commences.
c. The anticipated size of the repurchase program, in dollars.
d. The period over which the repurchase program is expected to occur.
e. Background on the company and its primary sources of revenue.
f. The fact that the company entered into a similar transaction several years ago.
g. The name of the investment bank that will facilitate and manage the repurchase program
Expert Answer:
a The fact that the issuer is a public company This fact should be included in the memo because it i... View the full answer
