Chapter 19 Homework

Chapter 19 Homework - Requirement 1 $7.48 x 10 million...

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Unformatted text preview: Requirement 1 $7.48 x 10 million shares = $74.8 million Γ· 3 years $24.93 million per year The compensation expense is $24.93 million each full year, which was 2004 and 2005. Because the stock award was issued during 2003, an appropriate portion of that amount was recorded in 2003 and 2006. Requirement 2 $296 million Γ· $646.6 million = 46%, or 4.6 million shares Γ· 10 million shares = 46% Requirement 3 September 25, 2005 ($ in millions) Compensation expense (from requirement 1). .24.93 Paid-in capital–restricted stock*.............24.93 Deferred tax asset ($24.93 x 46%)..................11.47 (rounded) Income tax expense................................. 11.47 (rounded) Requirement 4 March 16, 2006 Paid-in capital–restricted stock* ($24.93 x 3 yrs)…..74.79 Common stock.........................................74.79 Income tax payable (given).........................296 Deferred tax asset ($11.47 x 3 yrs).............34.41 Paid-in capital–tax effect of restricted stock*….261.59 Common stock................................................. Income tax and employment tax payable.... * In its financial statements, Apple combines all of its paid-in capital accounts under a single title – common stock. Problem 19- 1 1. Net loss per share for the year ended December 31, 2009: (amounts in millions, except per share amount) net preferred Net Loss loss dividends Per Share 1 – $300 β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” = β€”β€”β€”=( .49) 613 shares treasury new at Jan. 1 shares shares ↑ ___ stock dividend ___ ↑ adjustment 2. Per share amount of income or loss from continuing operations for the year ended December 31, 2009: (amounts in millions, except per share amount) Income from Continuing operating preferred Operations income dividends Per Share $100 β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”...
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This note was uploaded on 08/06/2011 for the course ACCT 312 taught by Professor Smith during the Spring '11 term at DeVry Austin.

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Chapter 19 Homework - Requirement 1 $7.48 x 10 million...

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