Questions from Financial Accounting

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 acquisitions for the year ended December 31, 2018?

Q: Prepare journal entries to record the following transactions involving both the short

Prepare journal entries to record the following transactions involving both the short-term and long-term investments of Cancun Corp., all of which occurred during the current year. a. On February 15,...

Q: Teams are to select an industry, and each team member is

Teams are to select an industry, and each team member is to select a different company in that industry. Each team member then is to acquire the selected company’s financial statements (or Form 10-K)...

Q: 1. Prepare the journal entry to record Tamas Company’s issuance of

1. Prepare the journal entry to record Tamas Company’s issuance of 5,000 shares of $100 par value, 7% cumulative preferred stock for $102 cash per share. 2. Assuming the facts in part 1, if Tamas decl...

Q: Access the February 22, 2019, filing of the 2018 calendar

Access the February 22, 2019, filing of the 2018 calendar-year 10-K report of McDonald’s (Ticker: MCD) from SEC.gov. Required 1. Review McDonald’s balance sheet and identify how many classes of stock...

Q: Assume that Eventbrite decides to launch a new website to market discount

Assume that Eventbrite decides to launch a new website to market discount bookkeeping services to consumers. This chain, named Aladin, requires $500,000 of start-up capital. The founder con- tributes...

Q: Review 30 to 60 minutes of financial news programming on television.

Review 30 to 60 minutes of financial news programming on television. Take notes on companies that are catching analysts’ attention. You might hear reference to over- and undervaluation of firms and to...

Q: Green Planet Corp. has 5,000 shares of noncumulative 10

Green Planet Corp. has 5,000 shares of noncumulative 10% preferred stock with a $2 par value and 17,000 shares of common stock with a $0.01 par value. During its first two years of operation, Green Pl...

Q: Use the information in QS 11-13 to compute the dividends

Use the information in QS 11-13 to compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.

Q: For each transaction, determine the impact—increase, decrease,

For each transaction, determine the impact—increase, decrease, or no effect—on total assets, total liabilities, and total equity.