Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
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?
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.
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.
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.
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.
The directors are considering three financing plans. Plan A is to borrow at 6%. Plan B is to issue 100,000 shares of common stock.
Morgan estimates the machine will have no residual value, and Gocker will not purchase it at the end of the lease term.
The lease requires Alcenon to make 10 annual lease payments of $20,000 each, with the first payment due at the beginning of the lease term.
LWL Corporation received $23,000,000 for the issuance of its stock on May 14. The par value of the LWL Corporation stock was only $23,000.
An investment group named Alberton is attempting to buy 52% of Lowery's outstanding stock against the wishes of Lowery's board of directors.