Questions from Financial Accounting

Q: What happens with a 2-for-1 stock split?

What happens with a 2-for-1 stock split? a. Decreases the par value of the stock b. Increases the number of shares of stock issued c. Both a and b d. None of the above

Q: Oceanview Realty, Inc., has 110,000 shares of $

Oceanview Realty, Inc., has 110,000 shares of $2.00 par common stock outstanding. Oceanview Realty, Inc., declares and distributes a 10 percent stock dividend when the market value of its stock is $8...

Q: How would the sale of treasury stock that was acquired three years

How would the sale of treasury stock that was acquired three years ago appear in the statement of cash flows (if at all)?

Q: This exercise continues our accounting for Sensations Salon, Inc., from

This exercise continues our accounting for Sensations Salon, Inc., from Chapter 9. In this exercise, we will account for the declaration and issuance of a cash dividend by Sensations Salon, Inc. On No...

Q: SRS Systems, Inc., had accounts receivable of $27,

SRS Systems, Inc., had accounts receivable of $27,000 at the beginning of the year and $56,000 at year-end. Revenue for the year totaled $106,000. How much cash did SRS Systems collect from customers?...

Q: Juarez Equipment, Inc., assembled the following data related to its

Juarez Equipment, Inc., assembled the following data related to its cash transactions for the year ended June 30, 2016: Prepare Juarez Equipment’s statement of cash flows for the y...

Q: What could you reasonably conclude if a company reports more shares of

What could you reasonably conclude if a company reports more shares of stock issued than outstanding?

Q: Assume that TJ’s Wholesale pays $9 per share to purchase 1

Assume that TJ’s Wholesale pays $9 per share to purchase 1,100 of its $1 par common stock as treasury stock. What is the effect of purchasing the treasury stock? a. Decreases total stockholders’ equi...

Q: Compare and contrast the accounting for cash dividends and stock dividends.

Compare and contrast the accounting for cash dividends and stock dividends. In the space provided, insert either “Cash dividends,” “Stock dividends,” or “Both” to complete each of the following statem...

Q: A company’s cash conversion cycle increased from 55 days in year 1

A company’s cash conversion cycle increased from 55 days in year 1 to 68 days in year 3. What are the implications of this increase? What do you think happens to the cash conversion cycles of companie...