14hwkhandout

14hwkhandout - B Give the general journal entries required...

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CHAPTER 14 HOMEWORK HANDOUT Problem 1 Deweese Corporation currently has 140,000 shares of $10-par value common stock outstanding. On December 10, 2008, the company declared a 15% stock dividend distributable on January 31, 2009 when the market price of the common stock was $18 per share. REQUIRED: A. Give the general journal entries required on December 10, 2008 and January 31, 2009. B. Indicate the financial statement presentation of the stock dividend related accounts on the December 31, 2008 financial statements. C. Give the general journal entries required on December 10, 2008 and January 31, 2009 assuming that Deweese had declared a 100% stock dividend. Problem 2 Deweese Corporation currently has 240,000 shares of $5-par value common stock outstanding. On December 10, 2008, the company declared a 15% stock dividend distribute on January 31, 2009 when the market price of the common stock was $20 per share. REQUIRED: A. Give the general journal entries required on December 10, 2008 and January 31, 2009.
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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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