DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
STANFORD CLOSER LOOK SERIES
Topics, Issues, and Controversies in Corporate Governance and Leadership
What Can For-Profit and Nonprofit
Boards Learn from Each Other About
By Nicholas Donatiello, David F. Larcker, and Brian Tayan
Virginia is not community property state. Arizona, Texas, New Mexico
o does not mean that any one taxpayers tax liability remains the same.
o Revenue-Neutral tax does not reduce deficits, but do not aggravate the problem.
o Similar to kind exchange provisions, Sec 351 can be partly justified under the wherewithal to pay
concept and the receipt of boot can cause realized gain to be recognized.
o Section 351 doesnt permit the recognition of realized los
In the case being observed, the main constituent is in regards to supply chain
management and its methods. Those considering the constituent were Virginia Mason, a
midsized non-profit organization, and Owen and Minor, a fellow distributor of medical suppl
Allocated Fixed Corporate Overhead
Operating Margin %
Number of employees
Total # of employees
Headquarter costs allocated
Square feet of division
Total # of
Module 5 Homework
5-21) a) Targets balance sheet reflects the gift card as a deferred revenue (also called Unearned
Revenue). The company will classify this as a noncurrent because their gift card doesnt
expiration date and also it will be used after one
Latest Year Analyzed
Fiscal Year End Date
Chipotle Mexican Restaurant
Market Stock Price Graph (2013-2015)
For Fielder Enterprises, indicate how each of the following usually should be classied. If an item should appear in a note to the nancial statements, select Note to nancial
Statement to indicate this fact. If an item needs to be reported on the balance sh
Martinez Corporation engaged in the following cash transactions during 2014.
Sale of land and building $194,640
Purchase of treasury stock 45,290
Purchase of land 40,790
Payment of cash dividend 93,130
Purchase of equipment 5?,390
Issuance of common stock
Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. (If no entry ls requlred, select "No
entry for the account tltles and enter 0 for the amounts. Credlt account titles are autom
Ames Companyr reported 2014 net income of $155,?8l]. During 2014, accounts receivable increased by $1?,000 and accounts payable increased by $9,530. Depreciation
expense was $44,910.
Prepare the cash flows from operating activities section of the statemen
IFRS questions are available at the end of this chapter.
State a corp
Chapter 15: Stockholders Equity
The Corporate Form of Organization
o From three primary forms of business organizations- the proprietorship, the partnership, and the
corporation- the corporate form dominates.
o The corporation is by the leader in terms of
Chapter 16: Dilutive Securities and Earnings per share
o Debt and Equity
Many of controversies related to the accounting for financial instruments such as stock options,
convertible securities, and preferred stock whether companies sh
Chapter 17: Investments
Investments in Debt Securities
Companies have different motivations for investing in securities issued by other companies. One
motivation is to earn a high rate of return. Second motivation for investing is to secure certain
Chapter 19: Accounting for Income taxes
Fundamentals of Accounting for Income Taxes
Corporations must file income tax returns following the guidelines developed by Internal Revenue
Service (IRS). Because GAAP and tax regulations differ in a number of wa
Chapter 22 Accounting changes and Error Analysis
Accounting alternatives diminish the comparability of financial information between periods and between companies;
they also obscure useful historical trend data.
The three types of ac
Chapter 20: Accounting for Pension and Postretirement Benefits
Nature of Pension Plans
A pension plan is an arrangement whereby an employer provides benefits (payments) to retired
employees for services they provided in their working years.
Chapter 23 Statement of Cash Flow
Preparation of The statement of Cash flows
The primary purpose of the statement of cash flows is to provide information about a companys cash receipts and cash
payments during a period.
A secondary objective is to prov
The Procter & Gamble Company
The Procter & Gamble Company (P&G) is a large universal consumer
merchandise company who is the head of manufacturing household products in the
United States. The Proctor & Gamble Company has operations in almost 80 countries
Chapter 19: Revenue recognition
Revenue arises from ordinary operations like sales, fees, rent, interest, and service revenues. Gain may or may not
arise in normal arise in the normal course of operations.
The Revenue Recognition Principle under current
Chapter 21 Accounting for leases
The leasing environment
A lease is a contractual agreement between a lessor and a lessee. This arrangement gives the lessee the right to use
specific property, owned by the lessor, for a specified period of time.
Chapter 24 Full Disclosure in Financial Reporting
Full Disclosure Principle
FASB rules directly affect financial statements, notes to the financial statements, and supplementary information.
Others types of information found in the annual report, such a
On June 30, 2013, Wisconsin, Inc., issued $200,200 in debt and 19,300 new shares of its $10 par value stock to Badger Co
shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin
On January 1, 2013, when its $39par value common stock was selling for $79per share, Plato Corp. issued $11,190,000of 8
$1,000bond to convert the bond into five shares of the corporations common stock. The debentures were issued for $12,08
Joe Dumars Company has outstanding 40,000 shares of $5 par common stock which had been issued at $30 per share. Joe D
Purchased 5,000 treasury shares at $45 per share.
Resold 2,000 of the treasury shares at $49 per share.
Resold 500 of