Questions from Financial Accounting

Q: Cole Company has 288,000 shares of common stock authorized,

Cole Company has 288,000 shares of common stock authorized, 260,000 shares issued, and 60,000 shares of treasury stock. The company’s board of directors has declared a dividend of 65 cents per share....

Q: Wakon Company earned $3.25 per share and paid dividends

Wakon Company earned $3.25 per share and paid dividends of $0.75 per share. The company reported a dividend yield of 3 percent. What was the price of Wakon’s stock?

Q: On April 15 of this year, the board of directors for

On April 15 of this year, the board of directors for Jedi Company declared a cash dividend of 65 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The...

Q: Reliable Tools, Inc., announced a 100 percent stock dividend.

Reliable Tools, Inc., announced a 100 percent stock dividend. Determine the impact (increase, decrease, no change) of this dividend on the following: 1. Total assets 2. Total liabilities 3. Common sto...

Q: During the year, University Food Systems issued stock, repurchased stock

During the year, University Food Systems issued stock, repurchased stock, declared a cash dividend, and declared a 2-for-1 stock split. How will each of these transactions affect University’s statemen...

Q: Apple Inc. designs, manufactures, and markets mobile communication and

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players. In 2014, Apple had the largest market value of any company...

Q: The following information pertains to Peak Heights Company: /

The following information pertains to Peak Heights Company: Required: Present the operating activities section of the statement of cash flows for Peak Heights Company using the indirect method.

Q: Parra Company completed its income statement and comparative balance sheet for the

Parra Company completed its income statement and comparative balance sheet for the current year and provided the following information: Required: Present the operating activities section of the state...

Q: The charter of Vista West Corporation specifies that it is authorized to

The charter of Vista West Corporation specifies that it is authorized to issue 300,000 shares of common stock. Since the company was incorporated, it has sold a total of 160,000 shares (at $16 per sha...

Q: A recent statement of cash flows for Colgate-Palmolive reported the

A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Operating Activities Net income ………………………………………………………….$2,554 Depreciation ………………………………...