Unformatted text preview: B. Give the general journal entries required on December 10, 2008 and January 31, 2009 assuming that Deweese had declared a 100% stock dividend. Problem 3 Answer the following questions: 1. What are convertible securities? Give two examples of convertible securities. 2. What does it mean when a corporation is said to have a simple capital structure? 3. What does it mean when a corporation is said to have a complex capital structure? 4. How is basic earnings per share computed? 5. How is diluted earnings per share computed? 6. What is an anti-dilutive security? How are anti-dilutive securities handled in the earnings per share computation? 7. Give an example of a change in accounting principle. How is a change in accounting principle handled on the financial statements? 8. Give an example of a prior period adjustment. How is a prior period adjustment handled on the financial statements?...
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- Spring '07
- Income Statement, 1946, general journal entries