Homework Answers
Here Write off means that the Company has purchased their shares & those share has been Cancelled .
Under share repurchase transaction, a company buys back its shares & After repurchase, the shares can be cancelled or held as treasury shares.
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Question Answer S Remarks Information available below the financial statement....
answer these questions please, I already provide you u the financial statements, so the number and...
answer these questions please, I already provide you u the
financial statements, so the number and the answer should come from
there. thanks
February 1, February 2. (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents $ 2,577 $ 1,556 Inventory 8,992 9,497 Other current assets 1.333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29.240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2.544 Construction-in-progress 533 460 Accumulated...
The table below is an excerpt from Apple Inc.’s Statement of Shareholders’ Equity for its fiscal...
The table below is an excerpt from Apple Inc.’s Statement of
Shareholders’ Equity for its fiscal year ended September 27,
2014:
a. How would the auditor verify the balances as of September 28,
2013?
b. What would the auditor do to evaluate the amount shown as Net
Income?
c. What sources of evidence might the auditor use to satisfy the
occurrence objective for each of the following?
(1) Repurchase of common stock
(2) Share-based compensation
(3) Common shares issued
d....
make an analysis of the consolidated statements of operations. are the sales increasing or decreasing? is...
make an analysis of the consolidated statements of operations.
are the sales increasing or decreasing? is the net income
increasing or decreasing? are the basic earnings per share
increasing or decreasing? (also connect with the consolidated
statements of shareholder's equity). consider the reasonableness of
your answer.
CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24,. September 26, 2015 September 27, 2016 2014 Net sales 215,639 233,715...
SHORT ANSWER. (10 Points) Write the word or phrase that best completes each statement or answers...
SHORT ANSWER. (10 Points) Write the word or phrase that best completes each statement or answers the question 11) Earnings per share-basic and diluted Greenwich Corporation had net income of $1,712,500 in 2018. The company had 300,000 shares of $4 par value common stock and 25,000 shares of 8%, s100 par, preferred stock outstanding throughout the year. Each share of preferred stock is both cumulative and convertible. Each share of preferred stock is convertible into four shares of common stock....
Presented below is information related to Viel Company at December 31, 2020. Sales revenuex Cost of...
Presented below is information related to Viel Company at December 31, 2020. Sales revenuex Cost of goods sold General and administrative expensesx Gain on life insurance proceeds Loss on sale of securities: Loss-on-impairment of property, plant, and equipment: Income tax expensex Income allocation-tonon-controlling interest Common dividends declared Preferred dividends declared and paid Unrealized loss on available-for-sale debt investments (33.33% effective tax rate) Retained earnings, January 1 Common stock, January 1 Paid-in-capital in excess of par value, January 18 Accumulated other...
Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of Kinney Company at December...
Identifying and Analyzing Financial Statement Effects of Dividends The stockholders' equity of Kinney Company at December 31, 2011, is shown below. 5% preferred stock, $100 par value, 12,000 shares authorized; 5,000 shares issued and outstanding $ 500,000 Common stock, $5 par value, 400,000 shares authorized; 100,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value—preferred stock 40,000 Paid-in capital in excess of par value—common stock 600,000 Retained earnings 656,000 Total stockholders' equity $2,296,000 The following transactions, among...
Amelia Corporation has the following information in its financial statement: Preferred Stock 6%, $100 par, cumulative,...
Amelia Corporation has the following information in its financial statement: Preferred Stock 6%, $100 par, cumulative, 10,000 shares authorized $ 540,000 Common Stock, $2 par, 400,000 shares authorized, 320,000 issued 640,000 Paid-in-Capital – Preferred 760,000 Paid-in Capital – Common 2,560,000 Retained earnings 2,373,400 1. If Amelia paid a total of $75,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears.) A) $0.23 per share B) $0.13 per...
E11-13 Selected financial information (in millions, except per-share information) is available for CIBC at October 31:...
E11-13 Selected financial information (in millions, except per-share information) is available for CIBC at October 31: 2015 2014 2013 Dividends declared and paid to common shareholders Dividends declared per common share $1,708 $ 1,523 1,567 $ 3.94 3.81 4.30 Income available to common shareholders (equals net income) 3,531 $3,131 $3,253 Common shareholders' equity $20,360 $17,588 $16,546 Market price per common share $ 88.70 $100.28 $102.89 Weighted average number of common shares 398 397 401 Instructions (a) Calculate the (1) payout,...
Required information [The following information applies to the questions displayed below.] The annual report for Malibu...
Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,300 of common stock now held in treasury. b. Declared cash dividends in the amount of $260.650. c. Paid the dividends in (b). d. Issued 113.000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts receivable at May 31, 2010 $ 3,138 Inventories at May 31, 2010 2,715 Total assets at May 31, 2010 14,998 Stockholders'equity at May 31, 2010 9,843 Instructions 1. Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011), rounding to one decimal...
answer these questions please, I already provide you u the
financial statements, so the number and the answer should come from
there. thanks
February 1, February 2. (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents $ 2,577 $ 1,556 Inventory 8,992 9,497 Other current assets 1.333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29.240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2.544 Construction-in-progress 533 460 Accumulated...
The table below is an excerpt from Apple Inc.’s Statement of
Shareholders’ Equity for its fiscal year ended September 27,
2014:
a. How would the auditor verify the balances as of September 28,
2013?
b. What would the auditor do to evaluate the amount shown as Net
Income?
c. What sources of evidence might the auditor use to satisfy the
occurrence objective for each of the following?
(1) Repurchase of common stock
(2) Share-based compensation
(3) Common shares issued
d....
make an analysis of the consolidated statements of operations.
are the sales increasing or decreasing? is the net income
increasing or decreasing? are the basic earnings per share
increasing or decreasing? (also connect with the consolidated
statements of shareholder's equity). consider the reasonableness of
your answer.
CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except number of shares which are reflected in thousands and per share amounts) Years ended September 24,. September 26, 2015 September 27, 2016 2014 Net sales 215,639 233,715...
SHORT ANSWER. (10 Points) Write the word or phrase that best completes each statement or answers the question 11) Earnings per share-basic and diluted Greenwich Corporation had net income of $1,712,500 in 2018. The company had 300,000 shares of $4 par value common stock and 25,000 shares of 8%, s100 par, preferred stock outstanding throughout the year. Each share of preferred stock is both cumulative and convertible. Each share of preferred stock is convertible into four shares of common stock....
Presented below is information related to Viel Company at December 31, 2020. Sales revenuex Cost of goods sold General and administrative expensesx Gain on life insurance proceeds Loss on sale of securities: Loss-on-impairment of property, plant, and equipment: Income tax expensex Income allocation-tonon-controlling interest Common dividends declared Preferred dividends declared and paid Unrealized loss on available-for-sale debt investments (33.33% effective tax rate) Retained earnings, January 1 Common stock, January 1 Paid-in-capital in excess of par value, January 18 Accumulated other...
E11-13 Selected financial information (in millions, except per-share information) is available for CIBC at October 31: 2015 2014 2013 Dividends declared and paid to common shareholders Dividends declared per common share $1,708 $ 1,523 1,567 $ 3.94 3.81 4.30 Income available to common shareholders (equals net income) 3,531 $3,131 $3,253 Common shareholders' equity $20,360 $17,588 $16,546 Market price per common share $ 88.70 $100.28 $102.89 Weighted average number of common shares 398 397 401 Instructions (a) Calculate the (1) payout,...
Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity a. Purchased $351,300 of common stock now held in treasury. b. Declared cash dividends in the amount of $260.650. c. Paid the dividends in (b). d. Issued 113.000 new shares of $0.10 par value common shares for $2 per share. e Closed the Dividends account. 3. Prepare a statement of stockholders' equity, assuming the following opening...
Financial Statement Analysis The financial statements for Nike, Inc., are presented in Appendix C at the end of text. The following additional information in thousands is available: Accounts receivable at May 31, 2010 $ 3,138 Inventories at May 31, 2010 2,715 Total assets at May 31, 2010 14,998 Stockholders'equity at May 31, 2010 9,843 Instructions 1. Determine the following measures for the fiscal years ended May 31, 2013 (fiscal 2012), and May 31, 2012 (fiscal 2011), rounding to one decimal...
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