Questions from Financial Accounting

Q: Describe the declaration date, record date, and payment date for

Describe the declaration date, record date, and payment date for a cash dividend.

Q: How does a 100% stock dividend or a 2-for

How does a 100% stock dividend or a 2-for-1 stock split affect total assets, total liabilities, and total stockholders’ equity?

Q: Powder Ski Shop reports inventory using the lower of cost and net

Powder Ski Shop reports inventory using the lower of cost and net realizable value (NRV). Information related to its year-end inventory appears below. Calculate the total amount to be reported for end...

Q: Contrast the effects of a cash dividend and a stock dividend on

Contrast the effects of a cash dividend and a stock dividend on total assets, total liabilities, and total stockholders’ equity.

Q: What happens to the par value, the share’s trading price,

What happens to the par value, the share’s trading price, and the number of shares outstanding in a 2-for-1 stock split?

Q: Indicate the correct order in which to report the following accounts in

Indicate the correct order in which to report the following accounts in the stockholders’ equity section of the balance sheet: Additional Paid-in Capital, Common Stock, Preferred Stock, Treasury Stock...

Q: What is the difference between a public and a private corporation?

What is the difference between a public and a private corporation? Provide an example of each.

Q: How is the stockholders’ equity section of the balance sheet different from

How is the stockholders’ equity section of the balance sheet different from the statement of stockholders’ equity?

Q: Why doesn’t total stockholders’ equity equal the market value of the firm

Why doesn’t total stockholders’ equity equal the market value of the firm?

Q: Explain why earnings per share is useful for comparing earnings performance for

Explain why earnings per share is useful for comparing earnings performance for the same company over time, but is not useful for comparing earnings performance between two competing companies.