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Sparkle, Inc., a household products chain, reported a prior-period adjustment in 2014.
What investment capitalization rate did investors appear to be using to determine the value of one share of Alpha stock?
During 2014, Yale Heights Corp.'s income statement reported income of $417,000 before tax.
Bright House, Inc., a household products chain, reported a prior-period adjustment in 2014.
The company reported $100,000 of net unrealized losses on available-for-sale securities, net of taxes and $150,000 in foreign currency translation losses.
The company discontinued a segment of the business at a loss of $57,000, and an extraordinary item generated a gain of $94,000.
Furthermore, she suggests that you ignore the items and consider Prudhoe Bay's earnings of $1.19 per share to be a good estimate of long-term profitability.
Which company's earnings are of higher quality? Why? Will their accounting policies affect your investment decision?
Suppose you own 10,000 shares of UPS common stock, acquired three years ago, prior to the 10% stock dividend.
During the first year of operations, Campus Publishing earned net income of $68,000 and declared a cash dividend of $25,000.
Sale of 800 shares of the treasury stock for $18.00 per share. Cost of the treasury stock was $14.00 per share.
The company's retained earnings balance at the beginning of 2014 was $78,000, and net income for the year was $135,000.
In June, the company declared and distributed a 10% stock dividend at a time when Barkley's common stock had a market value of $12 per share.
Group 1 will invest $80,000 to acquire 800 shares of 6%, $100 par, nonvoting, preferred stock.
The corporation balance sheet lists a franchise acquired at a cost of $500,000. This balance sheet is Campbell's most valuable marketing tool.
Prior to disclosing the new oil to the public, St. Genevieve quietly bought most of its stock as treasury stock. After the discovery was announced.
Are these items reported as assets, liabilities, stockholders' equity, revenues, or expenses? Are they normal-balance accounts, or are they contra accounts?
How much did stockholders' equity increase or decrease as a result of the two treasury-stock transactions?
Management believes the company can use the new funds to earn additional income of $800,000 before interest and taxes.
The board of directors of Media Plus authorizes the issue of $6,000,000 of 5%, 15-year bonds payable.
The board of directors is considering obtaining the $6.75 million either through borrowing at 6% or by issuing an additional 100,000 shares of common stock.
On August 31, Merridian received cash of $3,600 in advance for service revenue. This revenue will be earned evenly over six months.
The board of directors of Cable Plus authorizes the issue of $7,000,000 of 6%, 20-year bonds payable.
On December 31, 2014, Zunniga Corp. issues 4%, 10-year convertible bonds payable with a maturity value of $5,000,000.
Marcell Medical Goods is embarking on a massive expansion. Assume the plans call for opening 40 new stores during the next two years.