Status of Statement No. 85

Yield Test for Determining whether a Convertible Security Is a Common Stock Equivalent—an amendment of APB Opinion No. 15

Status

Issued: March 1985

Effective Date:
Applied to convertible securities issued after March 31, 1985

 

Affects:
Amends APB 15, paragraph 35
Replaces APB 15, paragraph 33 and footnotes 9 and 10
Deletes APB 15, Appendix D, definition of cash yield
Deletes AIN-APB 15, Interpretations No. 34 and 35 and footnote 21
Amends AIN-APB 15, Interpretations No. 36 and 37

 

Affected by:
Superseded by FAS 128, paragraph 160(d)

 

Issues Discussed by FASB Emerging Issues Task Force (EITF)

 

Affects:
Resolves EITF Issue No. 84-16

 


Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides