Intermediate Accounting, Thirteenth Edition

Chapter 15. STOCKHOLDERS' EQUITY

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

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It's a Global Market

As mentioned earlier, we are moving rapidly toward one set of global financial reporting standards and one "common language" for financial information. This change will probably lead to more consolidation of our capital markets. To understand how quickly the global financial world is changing, let's examine a few trends occurring on stock exchanges around the world.

In 2007 the New York Stock Exchange (NYSE) merged with Paris-based Eurotext, creating the world's first transatlantic ...