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Chapter 11: Corporate Reporting and Analysis

Expert-verified
Financial & Managerial Accounting
Pages: 488 - 531
Financial & Managerial Accounting

Financial & Managerial Accounting

Book edition 7th
Author(s) John J Wild, Ken W. Shaw, Barbara Chiappetta
Pages 1096 pages
ISBN 9781259726705

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Illustration

70 Questions for Chapter 11: Corporate Reporting and Analysis

  1. General Ledger assignment 11-1 is adapted from Problem 11-2A, including beginning equity balances. Prepare journal entries related to treasury stock, cash dividends, and net income. Then, prepare the statement of retained earnings and the stockholders’ equity section of the balance sheet.

    Found on Page 528

  2. Answer the following questions related to a company’s activities for the current year:

    Found on Page 517

  3. Use the following comparative figures for Apple and Google.

    Found on Page 529

  4. Balthus Corp. reports the following components of stockholders’ equity on December 31, 2016:

    Found on Page 525

  5. At December 31, the end of Chilton Communication’s third quarter, the following stockholders’ equity accounts are reported:

    Found on Page 526

  6. The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:

    Found on Page 519

  7. How does declaring a stock dividend affect the corporation’s assets, liabilities, and total equity? What are the effects of the eventual distribution of that stock?

    Found on Page 515

  8. On October 10, the stockholders’ equity of Sherman Systems appears as follows:

    Found on Page 519

  9. Stockholders’ equity of Ernst Company consists of 80,000 shares of $5 par value, 8% cumulative preferred stock and 250,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company’s inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $110,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company.

    Found on Page 516

  10. What is the difference between a stock dividend and a stock split?

    Found on Page 515

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