5.Quiz5Sol - ADM3340A Fall 2008 Quiz #5 Suggested Solution...

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Unformatted text preview: ADM3340A Fall 2008 Quiz #5 Suggested Solution Question 1 1. Contributed capital E 2. Asset retirement obligation L 3. Accounts payable to suppliers L, FL 4. Property, plant, and equipment A 5. Bonds payable L, FL 6. Accumulated amortization, buildings A (contra) 7. Common shares E 8. Accounts receivable A, FA 9. Treasury stock E (contra) 10. Bank loans payable L, FL 11. Inventory A 12. Term preferred shares L, FL 13. Preferred shares convertible to common shares E 14. Leasehold improvements A 15. Warranty repair obligation L 16. Goodwill A 17. Retained earnings E 18. Loans receivable A, FA 20. Short-term investment in common shares of another company A, FA Question 2 Case 1 Series B first preferred shares, carrying a fixed cumulative dividend of $1.00 per share. The shares must be redeemed by the company at a price of $21 per share, plus dividends in arrears, if any, in 20X4. Case 1 1. Financial Instrument: Debt. 2. Term preferred shares involve a requirement for the company to pay out cash for principal at maturity. The dividend is also Term preferred shares involve a requirement for the company to pay out cash for principal at maturity....
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5.Quiz5Sol - ADM3340A Fall 2008 Quiz #5 Suggested Solution...

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