Q: The following information was taken from the 2019 statement of shareholders' equity
The following information was taken from the 2019 statement of shareholders' equity for Microsoft ( dollars in billions). INSTRUCTIONS: a. Explain the nature of stock-based compensation expense. b. Wh...
See AnswerQ: When Hershey Foods declared a 100 percent stock dividend, 149.
When Hershey Foods declared a 100 percent stock dividend, 149.5 million of its shares were outstanding. Assume that the stock dividend was declared and paid on the same day. INSTRUCTIONS: a. How many...
See AnswerQ: When companies cut dividends, it is usually a bad sign for
When companies cut dividends, it is usually a bad sign for the stock. But apparently not at Monsanto, maker of Roundup and now part of Bayer's farm science division. Several years ago, the company cut...
See AnswerQ: The Wall Street Journal once reported, "Philip Morris Cos.,
The Wall Street Journal once reported, "Philip Morris Cos., in an aggressive move to boost its stock price, announced a $6 billion stock buyback plan and raised its quarterly dividend nearly 20% ... ....
See AnswerQ: In an article entitled "Buybacks or Giveaways," CFO.com
In an article entitled "Buybacks or Giveaways," CFO.com reported that "large repurchase programs require a whole lot of capital. Critics of buybacks contend that companies can put their cash to better...
See AnswerQ: In BE2—2, Caterpillar’s current assures consisted primarily of cash
In BE2—2, Caterpillar’s current assures consisted primarily of cash and short-term investments of $8.3 billion, accounts receivable of $17.9 billion, inventory of $11.1 billion, and miscellaneous curr...
See AnswerQ: Preferred stock is often seen as a hybrid security, as it
Preferred stock is often seen as a hybrid security, as it has characteristics of both debt and equity. The Wall Street Journal once reported two new securities used by companies going public: income d...
See AnswerQ: For 20 years, Westinghouse Electric Corp. used PCBs in the
For 20 years, Westinghouse Electric Corp. used PCBs in the manufacture of electrical capacitors at its plant in Bloomington, Indiana. A federal consent decree ordered the company to be prepared to bui...
See AnswerQ: The Wall Street Journal reported that shareholders of Kraft Foods, now
The Wall Street Journal reported that shareholders of Kraft Foods, now part of KraftHeinz, "can afford to give management more time to improve its brands, sales margins, and earnings" because of the d...
See AnswerQ: The components of 2019 comprehensive income for CVS Health and for Walgreens
The components of 2019 comprehensive income for CVS Health and for Walgreens Boots Alliance, competing drugstore chains, are outlined as follows (dollars in millions): INSTRUCTIONS: a. Compute compreh...
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