The Financial Accounting Standards Board (FASB) is seeking public comment on the proposed Accounting Standards Update (ASU) to standardise how issuers initially measure paid-in-kind (PIK) dividends on equity-classified preferred stock. This guidance is expected to address the current diversity in practice and enhance the comparability of financial reporting. The proposed amendments would apply to all entities that issue PIK dividends on equity-classified preferred stock. According to the proposal, these ...