Survey of Accounting (Accounting I)
8th Edition
ISBN: 9781305961883
Author: Carl Warren
Publisher: Cengage Learning
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Textbook Question
Chapter 8, Problem 8.7MBA
Stock split
Using the data from E8-22. indicate the effects on ne assets and EPS of the stock spilt.
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The common stock received from the new company is recorded at ......
Select one: a. Average value b. Face value c. Market value d. Exist Value
Access the FASB Accounting Standards Codification at the FASB website ( asc.fasb.org ). Determine the specific citation for accounting for each of the following items: 1. Initial measurement of stock options. 2. The measurement date for share-based payments classified as liabilities. 3. The formula to calculate diluted earnings per share. 4. The way stock dividends or stock splits in the current year affect the presentation of EPS in the income statement.
Indicate the accounts increased or decreased to record the above
stock transactions.
Chapter 8 Solutions
Survey of Accounting (Accounting I)
Ch. 8 - A business issued a $5,000, 60-day, 12% note to...Ch. 8 - Which of the following taxes are employers usually...Ch. 8 - Prob. 3SEQCh. 8 - Prob. 4SEQCh. 8 - A corporation has issued 25,000 shares of $100 par...Ch. 8 - For most companies, what two types of transactions...Ch. 8 - When are short-term notes payable issued?Ch. 8 - Prob. 3CDQCh. 8 - Prob. 4CDQCh. 8 - Identify the two distinct obligations incurred by...
Ch. 8 - A corporation issues $40,000,000 of 6% bonds to...Ch. 8 - The following data relate to an $8,000,000,7% bond...Ch. 8 - When should the liability associated with a...Ch. 8 - Prob. 9CDQCh. 8 - Prob. 10CDQCh. 8 - Prob. 11CDQCh. 8 - Prob. 12CDQCh. 8 - Prob. 13CDQCh. 8 - A corporation reacquires 18,000 shares of its Own...Ch. 8 - Prob. 15CDQCh. 8 - Prob. 16CDQCh. 8 - Prob. 17CDQCh. 8 - Prob. 18CDQCh. 8 - Effect of financing on earnings per share BSF Co.....Ch. 8 - Evaluate alternative financing plans Obj. 1 Based...Ch. 8 - Current liabilities Zahn Inc. -told 16.000annual...Ch. 8 - Notes payable Obj. A business issued a 90-day. 7%...Ch. 8 - Compute payroll An employee earns $28 per hour and...Ch. 8 - Prob. 8.6ECh. 8 - Prob. 8.7ECh. 8 - Prob. 8.8ECh. 8 - Bond price CVS Caremark Corp. (CVS) 5-3% bonds due...Ch. 8 - Issuing bonds Cyber Tech Inc. produces and...Ch. 8 - Accrued product warranty Back in Time Inc....Ch. 8 - Accrued product warranty Ford Motor Company (F)...Ch. 8 - Prob. 8.13ECh. 8 - Prob. 8.14ECh. 8 - Issuing par stock On January 29. Quality Marble...Ch. 8 - Issuing stock for assets other than cash Obj.5 On...Ch. 8 - Treasury stock transactions Obj.5 Blue Moon Water...Ch. 8 - Prob. 8.18ECh. 8 - Treasury stock transactions Banff Water Inc....Ch. 8 - Cash dividends The date of declaration, date of...Ch. 8 - Prob. 8.21ECh. 8 - Effect of stock split Audrey's Restaurant...Ch. 8 - Prob. 8.23ECh. 8 - Prob. 8.24ECh. 8 - Prob. 8.1.1PCh. 8 - Prob. 8.1.2PCh. 8 - Prob. 8.1.3PCh. 8 - Recording payroll and payroll taxes The following...Ch. 8 - Recording payroll and payroll taxes The following...Ch. 8 - Recording payroll and payroll taxes The following...Ch. 8 - Recording payroll and payroll taxes The following...Ch. 8 - Bond premium; bonds payable transactions Beaufort...Ch. 8 - Prob. 8.3.2PCh. 8 - Bond premium; bonds payable transactions Beaufort...Ch. 8 - Prob. 8.3.4PCh. 8 - Stock transactions for corporate expansion Vaga...Ch. 8 - Dividends on preferred and common stock Yukon Bike...Ch. 8 - Dividends on preferred and common stock Yukon Bike...Ch. 8 - Prob. 8.5.3PCh. 8 - Prob. 8.1.1MBACh. 8 - Prob. 8.1.2MBACh. 8 - Prob. 8.2.1MBACh. 8 - Prob. 8.2.2MBACh. 8 - Prob. 8.2.3MBACh. 8 - Prob. 8.3.1MBACh. 8 - Prob. 8.3.2MBACh. 8 - Prob. 8.3.3MBACh. 8 - Prob. 8.4MBACh. 8 - Prob. 8.5.1MBACh. 8 - Prob. 8.5.2MBACh. 8 - Prob. 8.6.1MBACh. 8 - Prob. 8.6.2MBACh. 8 - Prob. 8.6.3MBACh. 8 - Stock split Using the data from E8-22. indicate...Ch. 8 - Prob. 8.8.1MBACh. 8 - Prob. 8.8.2MBACh. 8 - Prob. 8.8.3MBACh. 8 - Prob. 8.8.4MBACh. 8 - Prob. 8.8.5MBACh. 8 - Prob. 8.8.6MBACh. 8 - Prob. 8.8.7MBACh. 8 - Prob. 8.8.8MBACh. 8 - Prob. 8.9.1MBACh. 8 - Prob. 8.9.2MBACh. 8 - Prob. 8.9.3MBACh. 8 - Prob. 8.9.4MBACh. 8 - Prob. 8.9.5MBACh. 8 - Prob. 8.9.6MBACh. 8 - Debt and price-earnings ratios Lowe's Companies...Ch. 8 - Prob. 8.10.1MBACh. 8 - Prob. 8.10.2MBACh. 8 - Prob. 8.10.3MBACh. 8 - Prob. 8.10.4MBACh. 8 - Prob. 8.10.5MBACh. 8 - Debt and price-earnings ratios Alphabet (formerly...Ch. 8 - Prob. 8.10.7MBACh. 8 - Prob. 8.10.8MBACh. 8 - Prob. 8.11MBACh. 8 - Prob. 8.1.1CCh. 8 - Prob. 8.1.2CCh. 8 - Prob. 8.2.1CCh. 8 - Prob. 8.2.2CCh. 8 - Prob. 8.3.1CCh. 8 - Issuing stock Sahara Unlimited Inc. began...Ch. 8 - Prob. 8.4CCh. 8 - Prob. 8.5.1CCh. 8 - Financing business expansion You hold a 30% common...
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- The price of the share / stock that a company observe from a financial market such as Muscat Stock Exchange is known as ..................... Select one: A. Fundamental Price B. Extrinsic Price C. Intrinsic Price D. Market Pricearrow_forwardIn computations of weighted average of shares outstanding, when a stock dividend or stock split occurs, the additional shares are a. considered outstanding at the beginning of the reporting period b. weighted by the number of months outstanding. c. considered outstanding at the payment date. d. weighted by the number of days outstanding.arrow_forwardWhen computing for book value per unit, which of the following is used as a denominator? a. All issued shares of stocks b. Preferred and common stocks only c. Common and treasury stocks only d. Outstanding common stocks onlyarrow_forward
- A stock's par value refers to the: O A. Issue price of the stock. O B. Value assigned per share by the corporate charter. O C. Market value of the stock on the date of the financial statements. D. Maximum selling price of the stock.arrow_forwardA stock's par value refers to the: O A. Value assigned per share by the corporate charter. O B. Market value of the stock on the date of the financial statements. OC. Maximum selling price of the stock.O D. Issue price of the stock.arrow_forwardThe ratio of the market price per share of common stock on a specific date to the annual earnings per share is referred to as the price-earnings ratio. Group of answer choices True Falsearrow_forward
- How should a "gain" from the sale of treasury stock be reflected when using the cost method of recording treasury stock transactions? Choices; As ordinary earnings shown on the income statement. As an increase in the amount shown for common stock. As treasury shares premium As an extraordinary item shown on the income statement.arrow_forwardReconcile the net profits for February Comment on the differences of the two systems with respect to: Stock valuations and Period profitsarrow_forwardStock subscriptions receivable are listed as __________ on the balance sheet. (a) current liabilities (b) current assets (c) long-term assets (d) contra-stockholders equityarrow_forward
- The journal entry to record a stock split effected in the form of dividends may include which of the following? (Select all that apply.) Multiple select question. credit to common stock debit to common stock credit to paid-in-capital debit to retained earnings debit to paid-in-capitaarrow_forwardAccess the FASB Accounting Standards Codification at the FASB website and select Basic View for free access. Determine the specific seven-, eight-, or nine-digit Codification citation (XXX-XX-XX-X) for accounting for each of the following items: Required: 1. Initial measurement of stock options. 2. The measurement date for share-based payments classified as liabilities. 3. The formula to calculate diluted earnings per share. 4. The way stock dividends or stock splits in the current year affect the presentation of EPS in the income statement.arrow_forwardIndicate how each of the following accounts should be classified in the stockholders’ equity section. a. Common Stock. b. Retained Earnings. c. Paid-in Capital in Excess of Par—Common Stock. d. Treasury Stock. e. Paid-in Capital from Treasury Stock. f. Paid-in Capital in Excess of Stated Value—Common Stock. g. Preferred Stock.arrow_forward
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