Questions from Intermediate Accounting


Q: For how many periods must a company present EPS data?

For how many periods must a company present EPS data?

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Q: For each period that an income statement is presented, what must

For each period that an income statement is presented, what must a company disclose about its EPS?

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Q: If a company’s outstanding shares are increased through a stock dividend or

If a company’s outstanding shares are increased through a stock dividend or a stock split, how would that alter the presentation of its EPS data?

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Q: Wilco Corporation has the following account balances at December 31, 2012

Wilco Corporation has the following account balances at December 31, 2012. Common stock, $5 par value …………………………………………….. $ 510,000 Treasury stock …………………………………………………………………….. 90,000 Retained earnings...

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Q: The December 31, 2012, balance sheet of Osygus Corp.

The December 31, 2012, balance sheet of Osygus Corp. is as follows. On March 5, 2013, Osygus Corp. called all of the bonds as of April 30, for the principal plus interest through April 30. By April...

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Q: On January 1, 2011, Trillini Corporation issued $3,

On January 1, 2011, Trillini Corporation issued $3,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each $1,000 debenture can be co...

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Q: Prior Inc. has decided to raise additional capital by issuing $

Prior Inc. has decided to raise additional capital by issuing $175,000 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined that to help the sale of...

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Q: What are stock rights? How does the issuing company account for

What are stock rights? How does the issuing company account for them?

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Q: On September 1, 2012, Jacob Company sold at 104 (

On September 1, 2012, Jacob Company sold at 104 (plus accrued interest) 3,000 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachab...

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Q: On May 1, 2012, Barkley Company issued 3,000

On May 1, 2012, Barkley Company issued 3,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98, but the fair value of th...

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