Earnings to Aug. 31 Earnings
Total capital stock
On preferred stock
On common stock
On treasury stock
Course Project Ch 15
On May 1, 2014, Ziek Corp. declared and issued a 10% common stock dividend. Prior to
this dividend, Ziek had 200,000 shares of $1 par value common stock issued and
outstanding. The fair value of Ziek 's common stock was $20 per sh
Course Project Ch 19
Dunn, Inc. uses the accrual method of accounting for financial reporting purposes and
appropriately uses the installment method of accounting for income tax purposes.
Installment income of $1,800,000 will be collected in the follo
Rich, Inc. acquired 30% of Doane Corporation's voting stock on January 1, 2014 for $800,000.
During 2014, Doane earned $320,000 and paid dividends of $200,000. Rich's 30% interest in
Doane gives Rich the ability to exercise significant influence over Doan
Course Project Ch 14
On June 30, 2015, Omara Co. had outstanding 8%, $6,000,000 face amount, 15-year
bonds maturing on June 30, 2025. Interest is payable on June 30 and December 31.
The unamortized balances in the bond discount and deferred bond issue
Course Project Ch 24
Which of the following best characterizes the difference between a financial forecast and
a financial projection?
a. Forecasts include a complete set of financial statements, while projections include
only summary financial data.
Course Project Ch 18
Use the following information for questions 16 and 17.
Horner Construction Co. uses the percentage-of-completion method. In 2014, Horner
began work on a contract for $16,500,000; it was completed in 2015. The following cost
On January 2, 2015, Hernandez, Inc. signed a ten-year noncancelable lease for a heavy
duty drill press. The lease stipulated annual payments of $200,000 starting at the
beginning of the first year, with title passing to Hernandez at the expiration of
Course Project Chapter 20
Logan Corp., a company whose stock is publicly traded, provides a noncontributory
defined-benefit pension plan for its employees. The company's actuary has provided the
following information for the year ended December 31, 20
Course Project Ch 16
Marsh Co. had 2,400,000 shares of common stock outstanding on January 1 and
December 31, 2015. In connection with the acquisition of a subsidiary company in June
2014, Marsh is required to issue 100,000 additional shares of its co
Pretax Financial Income
Fine for Pollution
Originating Temporary Differences:
Excess Warranty Expense per Books
Excess Construction Profits per Books
Excess Depreciation per Tax Return