Questions from Accounting Principles

Q: Refer again to the financial statements for WestJet, looking at the

Refer again to the financial statements for WestJet, looking at the consolidated statements of cash flows. Notice the same cash dividends paid during the year ended December 31, 2016 and December 31,...

Q: Refer to the financial statements for WestJet, specifically Note 12.

Refer to the financial statements for WestJet, specifically Note 12. What was the amount during 2017 of the dividends per share?

Q: What is the difference between a share dividend and a share split

What is the difference between a share dividend and a share split?

Q: What effects does declaring a share dividend have on the corporation’s assets

What effects does declaring a share dividend have on the corporation’s assets, liabilities, and total equity? What effects does the distribution of the shares have?

Q: Refer to the financial statements for Indigo. The balance in share

Refer to the financial statements for Indigo. The balance in share capital at April 1, 2017, was 26,351,484 shares. What is the balance as of March 31, 2018? What caused the change in share capital fr...

Q: How are earnings per share results calculated for a corporation with a

How are earnings per share results calculated for a corporation with a simple capital structure?

Q: Refer to the financial statements for Spin Master. Did basic EPS

Refer to the financial statements for Spin Master. Did basic EPS increase or decrease from 2016 to 2017?

Q: Brad’s Building Supplies entered into the following transactions involving current liabilities during

Brad’s Building Supplies entered into the following transactions involving current liabilities during 2020 and 2021: Required: Prepare journal entries to record these transactions fo...

Q: Refer to the financial statements for WestJet. In both 2016 and

Refer to the financial statements for WestJet. In both 2016 and 2017 the balance of shares issued and outstanding was reduced. What caused the balance of the account to go down? And what had shares be...

Q: After taking five years’ straight-line depreciation expense for an asset

After taking five years’ straight-line depreciation expense for an asset that was expected to have an eight year useful life, a company decided that the asset would last another six years. Is this dec...