Questions from Intermediate Accounting

Q: Repeat the requirements of BE18-7 for the lessor, Perry

Repeat the requirements of BE18-7 for the lessor, Perry Leasing. Data from BE18-7: Jenkins Manufacturing Company leased a piece of nonspecialized machinery for use in its operations from Perry Leasin...

Q: Using the information provided in BE18-7, prepare the journal

Using the information provided in BE18-7, prepare the journal entries at the commencement of the lease and at the end of the first year for Perry Leasing assuming now that Perry paid $23,000 to acquir...

Q: Match the type or form of stock compensation with its definition.

Match the type or form of stock compensation with its definition. Form or Type a. Option b. Equity-classified awards c. Liability-classified award d. Stock appreciation rights e. Restricted stoc...

Q: IFRS. Local Craft Designs, Inc., an IFRS reporter,

IFRS. Local Craft Designs, Inc., an IFRS reporter, reported goodwill at $600,000 related to its Central Avenue Division. The fair value less costs to sell Central Avenue is $2,500,000. Its value in us...

Q: Using the information from BE19-9, now assume that the

Using the information from BE19-9, now assume that the stock appreciation rights are settled for stock. Prepare the journal entries to record the SAR plan. The par value of common stock is $1 per shar...

Q: Kogo Incorporation started a share appreciation plan on January 1, 2017

Kogo Incorporation started a share appreciation plan on January 1, 2017, when it granted 100,000 rights to its executives. The vesting period is 2 years. The stock appreciation rights are settled for...

Q: Samsong Company issued 100,000 shares of $1 par value

Samsong Company issued 100,000 shares of $1 par value, restricted stock to its top five key employees on January 1, 2017. The market value of Samsong’s shares is $45 per share on the date of issue. Th...

Q: Siry Company offers all its employees the opportunity to purchase its $

Siry Company offers all its employees the opportunity to purchase its $2 par value common stock at a 5% discount. The employees have 3 weeks to elect to participate in the plan. The current market pri...

Q: Using the information from BE19-13, now assume that Siry

Using the information from BE19-13, now assume that Siry Company offers the plan only to top executives. What journal entry will the company make on the date the employees purchase the shares? Data f...

Q: Tash Company offers select executives the opportunity to purchase its $1

Tash Company offers select executives the opportunity to purchase its $1 par value common stock at a 10% discount. The employees have 2 weeks to elect to participate in the plan. The current market pr...