Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Solved Assignments
Asked Questions
Answered Questions
The board of directors declared a 2% stock dividend when the market price of the stock was $110 per share.
Split the common stock 3 for 1 and reduced the par from $120 to $40 per share. After the split, there were 900,000 common shares outstanding.
Ten thousand shares of preferred and 250,000 shares of common stock are authorized. There are 12,000 shares of common stock held as treasury stock.
At the market close of January 19, 2005, Bank of America Corp. had a closing stock price of $44.97.
Determine the dividend yield for General Motors on December 31, 2004.
Paid the cash dividends and issued the certificates for the common stock dividend.
Calculate and interpret Campbell Soup's annualized dividend yield and dividend payout ratio to one place after the decimal point.
Determine the expected (pro forma) earnings per share from the acquisition assuming the acquisition was included in operations for all of 2004.
In early 2002, Bernie Ebbers, then CEO of WorldCom Group, a major telecommunications company, was having personal financial troubles.
Discuss the arguments for and against classifying the issuance of the $20 million of stock as debt.
Due to a permanent decline in consumer demand for the products produced by this plant, the market value of the plant and equipment is appraised at $20 million.
Corporation X realized a material gain when its facilities at a designated floodway were acquired by the urban renewal agency.
The earnings per share impact from a restructuring charge was calculated as a loss of $0.22 per share for Gotham Company.
On the basis of the limited information presented, would you conclude that operations had improved or declined?
How are temporary investments in marketable securities reported on the balance sheet?
Under what caption are long-term investments in stock reported on the balance sheet?
Where are investments in bonds that are classified as held-to-maturity securities reported on the balance sheet?
At what amount are held-to-maturity investments in bonds reported on the balance sheet?
Determine the book value of the network on December 31, 2007, prior to the impairment adjustment.
Provide the entry for the severance payment on December 15, 2007, assuming that the actual tenure and salary of terminated employees were consistent .
Close a juice plant on October 15, 2006. Closing, equipment relocation, and employee relocation costs are expected to be $500,000 during October.
Journalize the entries on December 31, 2006, for the fixed asset impairment and the employee severance costs.
Do you believe that the income related to the Stabilization Act should be reported as an extraordinary item on the income statement of Delta Air Lines?
Uninsured loss on building due to hurricane damage. The firm was organized in 1920 and had not previously incurred hurricane damage.
What does FOB stand for? Differentiate between FOB shipping point and FOB destination?