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Unformatted text preview: Compensation Expense Interest Expense Income Tax Expense Loss on Sale of PPE Debt vs Equity υ DEBT υ EQUITY Common Equity υ Jan. 2: Funco issued 70,000 shares of stock with par value of $1 per share and market value of $5 per share. Dividends υ Dec. 15: Funco declares a $.50 per share dividend, to be paid on Jan. 3 to shareholders of record Dec. 20. Preferred Stock υ Stock with some type of preference: Treasury Stock υ Dec. 30: Funco repurchases 1,000 shares of stock for $6 per share. • Year 2 Funco reissues 500 shares of stock for $8 per share...
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- Fall '08
- Balance Sheet, Generally Accepted Accounting Principles