Q: Gogeon Inc. is publicly traded and uses a calendar year for
Gogeon Inc. is publicly traded and uses a calendar year for financial reporting. The company is authorized to issue 50 million common shares. At no time has Gogeon issued any potentially dilutive secu...
See AnswerQ: On January 1, 2017, Kasan Corp. granted stock options
On January 1, 2017, Kasan Corp. granted stock options to its chief executive officer. This is the only stock option that Kasan offers and the details are as follows: On January 1, 2022, 2,000 of the...
See AnswerQ: Instructions: Refer to the data and other information provided in
Instructions: Refer to the data and other information provided in E20-21, but now assume that Fine’s fiscal year end is May 31. Prepare the journal entries on Fine Corp.’s books to reflect the lease s...
See AnswerQ: On January 2, 2017, Thompson Corp. issued a $
On January 2, 2017, Thompson Corp. issued a $100,000, four-year note at prime plus 1% variable interest, with interest payable semi-annually. On the same date, Thompson entered into an interest rate s...
See AnswerQ: On January 2, 2017, Yellowknife Corp. issues a $
On January 2, 2017, Yellowknife Corp. issues a $10-million, five-year note at LIBOR, with interest paid annually. To protect against the cash flow uncertainty related to interest payments that are bas...
See AnswerQ: Anchovy Corp. issued a $1-million, four-
Anchovy Corp. issued a $1-million, four-year, 7.5% fixed-rate interest only, non prepayable bond on December 31, 2016. Anchovy later decided to hedge the interest rate and change from a fixed rate to...
See AnswerQ: Barrett Limited established a share appreciation rights program that entitled its new
Barrett Limited established a share appreciation rights program that entitled its new president, Angela Murfitt, to receive cash for the difference between the Barrett Limited common shares’ fair valu...
See AnswerQ: At the end of its fiscal year, December 31, 2017
At the end of its fiscal year, December 31, 2017, Javan Limited issued 200,000 share appreciation rights to its officers that entitled them to receive cash for the difference between the fair value of...
See AnswerQ: Parsons Limited established a share appreciation rights program that entitled its new
Parsons Limited established a share appreciation rights program that entitled its new president, Brandon Sutton, to receive cash for the difference between the shares’ fair value and a pre-established...
See AnswerQ: LEW Jewellery Corp. uses gold in the manufacture of its products
LEW Jewellery Corp. uses gold in the manufacture of its products. LEW anticipates that it will need to purchase 500 ounces of gold in October 2017 for jewellery that will be shipped for the holiday sh...
See Answer
