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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Research and Analysis Using the Annual Report

Obtain Priceline.com’s 2016 10-K (filed February 27, 2017) either through the “Investor Relations” portion of its website (do a web search for Priceline investor relations), or go to www.sec.gov and click “Company Filings Search” under “Filings.”

Required:

1. What is the par value of the common stock and how many shares of common stock are authorized, issued, and outstanding at December 31, 2016?

To determine

Concept introduction:

Annual report:

The annual report of the company includes the financial and other operating descriptions about the business for a particular year.

Financial statements:

Financial statements are prepared to summaries the account at the end of the period. The statements prepared are Income statement, Balance sheet, Statement of owner’s equity and Cash flows statements.

To identify:

The Common Stock par value, number of shares authorized, issued, and outstanding of Princeline at Dec. 31, 2016.

Explanation

The Common Stock par value, number of shares authorized, issued, and outstanding of Princeline at Dec. 31, 2016 can be found in the Equity section of the consol...

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