Intermediate Accounting: Reporting and Analysis
2nd Edition
ISBN: 9781285453828
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Chapter 16, Problem 13P
1.
To determine
Ascertain the amount of prior period adjustments.
1.
Expert Solution
Explanation of Solution
Ascertain the amount of prior period adjustments.
2.
To determine
Calculate the amount of preferred dividend.
2.
Expert Solution
Explanation of Solution
Calculate the amount of preferred dividend.
3.
To determine
Calculate the amount of common dividend (cash).
3.
Expert Solution
Explanation of Solution
Calculate the amount of common dividend (cash).
4.
To determine
Calculate the amount of common dividend (property).
4.
Expert Solution
Explanation of Solution
An amount of $720,000 (fair value) is declared as a common dividend on property.
5.
To determine
Ascertain the number of common shares issued at December 31, 2016.
5.
Expert Solution
Explanation of Solution
Ascertain the number of common shares issued at December 31, 2016.
6.
To determine
Ascertain the total legal capital of common stock issued.
6.
Expert Solution
Explanation of Solution
Ascertain the total legal capital of common stock issued.
7.
To determine
Compute the additional paid-in capital, including
7.
Expert Solution
Explanation of Solution
Compute the additional paid-in capital, including treasury stock transactions.
8.
To determine
Compute the total amount of treasury stock.
8.
Expert Solution
Explanation of Solution
Compute the total amount of treasury stock.
9.
To determine
Ascertain the numerator used in computing the earnings per share.
9.
Expert Solution
Explanation of Solution
An amount of $826,000
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Chapter 16 Solutions
Intermediate Accounting: Reporting and Analysis
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Earnings per share (EPS), basic and diluted; Author: Bionic Turtle;https://www.youtube.com/watch?v=i2IJTpvZmH4;License: Standard Youtube License