Questions from General Accounting

Q: Compute the price-earnings ratio for each of these four separate

Compute the price-earnings ratio for each of these four separate companies. Which stock might an analyst likely investigate as being potentially undervalued by the market? Explain.

Q: Compute the dividend yield for each of these four separate companies.

Compute the dividend yield for each of these four separate companies. Which company’s stock would probably not be classified as an income stock? Explain.

Q: The equity section of Cyril Corporation’s balance sheet shows the following:

The equity section of Cyril Corporation’s balance sheet shows the following: Determine the book value per share of the preferred and common stock under two separate situations. 1....

Q: Unilever Group reports the following equity information for the years ended December

Unilever Group reports the following equity information for the years ended December 31, 2013 and 2012 (euros in millions). 1. Match each of the three account titles—share capital,...

Q: Alexander Corporation reports the following components of stockholders’ equity on December 31

Alexander Corporation reports the following components of stockholders’ equity on December 31, 2015: In year 2016, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purcha...

Q: The following information is available for Amos Company for the year ended

The following information is available for Amos Company for the year ended December 31, 2015. a. Balance of retained earnings, December 31, 2014, prior to discovery of error, $1,375,000. b. Cash divid...

Q: For each of the following separate cases, recommend a form of

For each of the following separate cases, recommend a form of business organization. With each recommendation, explain how business income would be taxed if the owners adopt the form of organization r...

Q: Prepare journal entries to record the following four separate issuances of stock

Prepare journal entries to record the following four separate issuances of stock. 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 cash. 2. A corporation issued 2,000 shar...

Q: Sudoku Company issues 7,000 shares of $7 par value

Sudoku Company issues 7,000 shares of $7 par value common stock in exchange for land and a building. The land is valued at $45,000 and the building at $85,000. Prepare the journal entry to record issu...

Q: On June 30, 2015, Sharper Corporation’s common stock is priced

On June 30, 2015, Sharper Corporation’s common stock is priced at $62 per share before any stock dividend or split, and the stockholders’ equity section of its bala...