Questions from General Accounting


Q: Why do laws place limits on treasury stock purchases?

Why do laws place limits on treasury stock purchases?

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Q: How are EPS results computed for a corporation with a simple capital

How are EPS results computed for a corporation with a simple capital structure?

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Q: What is a stock option?

What is a stock option?

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Q: How are organization expenses reported?

How are organization expenses reported?

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Q: Refer to Apple’s fiscal 2013 balance sheet in Appendix A. How

Refer to Apple’s fiscal 2013 balance sheet in Appendix A. How many shares of common stock are authorized? How many shares of voting common stock are issued? Apple’s Balance Sheet from...

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Q: Refer to the 2013 balance sheet for Google in Appendix A.

Refer to the 2013 balance sheet for Google in Appendix A. What is the par value per share of its preferred stock? Suggest a rationale for the amount of par value it assigned. Google’...

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Q: Refer to the financial statements for Samsung in Appendix A. How

Refer to the financial statements for Samsung in Appendix A. How much were its cash payments for treasury stock purchases for the year ended December 31, 2013? Samsung’s Financial S...

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Q: Suppose that a company has a facility located where disastrous weather conditions

Suppose that a company has a facility located where disastrous weather conditions often occur. Should it report a probable loss from a future disaster as a liability on its balance sheet? Explain.

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Q: Who is responsible for directing a corporation’s affairs?

Who is responsible for directing a corporation’s affairs?

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Q: What is the difference between authorized shares and outstanding shares?

What is the difference between authorized shares and outstanding shares?

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