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Accounting Expert Answers & Study Resources : Page 18

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MULTIPLE CHOICE—Conceptual 1. Derivative instruments a. require significant investments. b. transfer financial risks. c. transfer primary instruments. d. are settled at the date of issuance. 2. Derivatives exist to help companies a. hide financial irregularities. b. reduce interest expense. c. manage cash flows. d. manage risks. 3. Credit risk is the risk that a. an instrument’s price or value will change. b. the.

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  • MULTIPLE CHOICE—Conceptual 1. Derivative instruments a. require significant investments. b. transfer financial risks. c.
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Ex. 15-127—Shareholders’ Equity. Indicate the effect of each of the following transactions on total shareholders' equity by placing an "X" in the appropriate column. Increase Decrease No Effect 1. Declaration of a cash dividend. ________ ________ ________ 2. Operating loss for the period. ________ ________ ________ 3. Retirement of bonds at more than carrying value..

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  • Ex. 15-127—Shareholders’ Equity. Indicate the effect of each of the following
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Ex. 15-140—Calculation of selected financial ratios. Instructions Calculate the following (assume no changes in share account balances during 2012): (a) Total amount of shareholders’ equity on the December 31, 2012 balance sheet. (b) Earnings per share. (c) Price-earnings ratio of common shares. (d) Payout ratio of common shares. (e) Book value per common share.       .

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  • Ex. 15-140—Calculation of selected financial ratios. Instructions Calculate the following (assume no
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Pr. 15-148—Allocation of cash dividends. Tracey Inc has the following shares outstanding: 40,000, $0.80, no par value preferred shares$400,000 60,000 no par value common shares$600,000 All shares were sold for $100 each. No dividends have been declared since December 31, 2009. It is now December 31, 2012, and the board of directors wants to distribute.

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  • Pr. 15-148—Allocation of cash dividends. Tracey Inc has the following shares
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Pr. 15-149—Equity transactions. Sands Corporation has the following capital structure at the beginning of this year: Instructions (a) Record the following transactions which occurred consecutively this year. Show all calculations. 1. There are no dividends in arrears. A total cash dividend of $90,000 was declared. The preferred shares are participating to a maximum of.

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  • Pr. 15-149—Equity transactions. Sands Corporation has the following capital structure at
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31. If a corporation wishes to "capitalize" part of their earnings, it may issue a a. cash dividend. b. stock dividend. c. property dividend. d. liquidating dividend. 32. Which type of dividends do not reduce shareholders' equity? a. Cash dividends. b. Stock dividends. c. Property dividends. d. Liquidating dividends. 33. The declaration and issuance of a stock dividend larger than.

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  • 31. If a corporation wishes to "capitalize" part of their
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Pr. 15-153—Treasury share transactions. Wye Inc. currently has 5,000 no par common shares outstanding, with a book value of $175,000. Instructions Record the share transactions given below. Transactions: (a) Bought 300 common shares as treasury shares at $31. (b) Sold 80 treasury shares at $30. (c) Sold 40 treasury shares at $34. (d) Retired the rest of.

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  • Pr. 15-153—Treasury share transactions. Wye Inc. currently has 5,000 no par
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Ex. 15-144—Financial reorganization. The following shareholders’ equity accounts are reported by India Inc. at December 31, 2012. A financial reorganization was approved. Equipment is to be written down $58,600, and inventory increased $4,200. Instructions Prepare the required journal entries for the financial reorganization.       .

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  • Ex. 15-144—Financial reorganization. The following shareholders’ equity accounts reported by India
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Ex. 15-142—Treasury shares. Sasquatch Corporation's last year-end balance sheet reported the following: Common shares, no par, outstanding 5,000 shares$115,000 Retained earnings200,000 The following transactions occurred this year: (a) Purchased 70 common shares at $30 per share, to be held as treasury shares. (b) Sold 60 treasury shares at $32 per share. (c) Retired the remaining treasury shares. Instructions Prepare.

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  • Ex. 15-142—Treasury shares. Sasquatch Corporation's last year-end balance sheet reported the
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Ex. 15-139—Dividends on preferred shares. Graziano Corp. has been authorized to issue 20,000 no par, $6, cumulative and fully participating preferred shares and 100,000 no par common shares. The account balances at December 31, 2012 are: No dividends were paid in 2011. The corporation now desires to pay $280,000 in dividends. Instructions Calculate how.

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  • Ex. 15-139—Dividends preferred shares. Graziano Corp. has been authorized to issue
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