DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
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
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
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
Review for Final Exam
Bring a calculator and a Scantron with you. If you dont have a calculator, please buy an
inexpensive one. You will not be able to use any electronic devices.
Here are some practice questions to prepare you for the final
Test on Chapters 7, 8, and 9
Part I: Theory
1. In the case of a companys bankruptcy, which one of the following would the court order
to be paid first?
c. bank loans
2. Which of the following is true about the matchi
Review for Test 3
Bring a Scantron form 882. Bring a calculatoryoull need one!
This test has four sections on it:
Bank reconciliation and journal
Discounting of notes
If youve understood the homework and done the class pr
Sales and Exchanges of Assets Homework
Please show your calculations and answers on this page.
1. A company owns a car that was purchased for $35,000 and has accumulated depreciation of
$25,000. The company has decided to sell it for $8
Discounting of Notes Homework
Prepare the journal entries for the following transactions. You must use journal paper and show your
notes and calculations to receive credit.
November 29 Received a note from Asher Corporation in exchange for mo
Problem 1-8A, page 39 in textbook
Helga Ander started a new business and completed these transactions during December:
1 Helga Ander transferred $65,000 cash from a persona
PRICING DECISIONS AND COST MANAGEMENT
1. Discuss the three major influences on prices
2. Distinguish between short-run and long-run pricing decisions
3. Price products using the target-costing approach
4. Apply the concepts
ACTIVITY-BASED COSTING AND ACTIVITY-BASED
1. Explain undercosting and overcosting of products or services
2. Present three guidelines for refining a costing system
3. Distinguish between the traditional and the act
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
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
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 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
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 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
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 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 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 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 7 Deductions: Business/Investment Losses and Passive Activity Losses
A tax shelter is an activity providing deductions and/or credits to an investor, which will reduce tax liability with respect to
income from other resources.
Chapter 4 and Chapter 5 Homework
Dividends on Common Stock of U.S. Corp
Net rental income
Rental income for January
Interest on bank accounts
Less: Itemized Deductions
Less: Exceptions (3*3,950)
Chapter 6 HW
24) Car expenses Deductible as Business Expense: Business miles * Car Expenses
= 10,000 * 10,200
= $ 5,667
25) 10000 * 6,700 = $ 3,752
26) a) T, For AGI
b) P, from AGI
c) T, from AGI
d) T, for AGI
e) T, from AGI
Penguin Corporation acquired 80 percent of the outstanding voting stock of Snow Company on January 1, 2012, for $424
net fair value of $575,000 and the fair value of the 20 percent noncontrolling interes
The following selected account balances are from th
Distinguish the single-rate method
from the dual-rate method
Understand how the choice
between allocation based on
budgeted and actual rates and
between budged and actual usage
can affect the incentives of division