INTERMEDIATE ACCOUNTING(LL)-W/2 ACCESS
9th Edition
ISBN: 9781260180657
Author: SPICELAND
Publisher: MCG
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Chapter 19, Problem 19.3E
(1)
Restricted stock: These are the share-based awards provided as compensation plans provided as incentives to the employees which include right to receive the shares and are restricted to employees’ extended tenure. The two variants of restricted stock are restricted stock awards, and restricted stock units.
Restricted stock units (RSUs): RSU is a right of the employee to receive a certain number of shares of stock of the company as a performance incentive, or usual compensation, or signing bonus.
To determine
The compensation expense recorded by Corporation F for the year ended December 31, 2016
(2)
To determine
Debit and credit rules:
- Debit an increase in asset account, increase in expense account, decrease in liability account, and decrease in
stockholders’ equity accounts. - Credit decrease in asset account, increase in revenue account, increase in liability account, and increase in stockholders’ equity accounts.
To journalize: The entry for recording shares vested as on December 31, 2015
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Q14: The following are the Condensed statement of Financial Position of Company A and on december
31,2020.
A
В
Current Assets.
2562500
7639375
Plant and Equipment
768500
22918125
Current liability
555000
300,000
long Term Debt.
2220000.
500,000
Share Premium
1250,000
100,000
Retained Earning.
1609000.
425000
Additional Paid-in
1516000.
437500
Сapital
79
Company C acquires the Net Asset of Both A and B. Paying Cash in Amount of 185000 and by issuing
198500 shares to A, Paying of 72000 and by issuing 54350 shares is 30 to B' Par cash in the amount by
issuing 54350 Shares value of Share is 30 and market value on acquisition is 40.
Requirments:
a) Entry that made in the Book of A.
b) Entry that made in the Book of B.
c) Entry that made in the Book of C.
Problem 17-37 (AICPA Adapted)
Lax Company provided the following information during the
the
mber 31
current year.
500,000
1,000,000
9,000,000
1,500,000
200,000
2,000,000
6,000,000-
400,000
300,000
1,800,000
000
000
Dividend received
Dividend paid
Cash received from customers
Proceeds from issuing share capital
Interest received
Proceeds from sale of long term investments
Cash paid to suppliers and employees
Interest paid on long term debt
Income taxes paid
Cash balance, beginning
0 and
ere on
1. What is the net cash provided by operating activities
for the current year using direct method?
were
a. 3,000,000
b. 3,300,000
c. 2,700,000
d. 2,000,000
2. What is the net cash provided by investing activities?
a. 2,500,000
b. 2,000,000
c. 2,200,000
d.
3. What is the net cash provided by financing activities?
a. 1,500,000
b. 1,000;000
500,000
d.
с.
0.
4. What is the cash balance at year-end?
a. 4,800,000
b. 6,800,000
c. 5,500,000
d. 7,300,000
2. Following information is available for the year 2020 of ABC SAOG. You are required to
prepare Statement of comprehensive income and Statement of financial position.
Share premium
728,526
Legal reserve
1,134,166
Revaluation reserve
14,644,500
Trade and other payables
10,020,506
Taxation payable
238,108
Directors' remuneration
54,000
Taxation expenses
384,036
Property, plant and equipment
20,226,258
Revenue
43,627,562
Cost of sales
30,950,720
Finance costs
452,636
Administrative and general expenses
2,072,896
Other operating income
74,020
Inventories
6,705,426
Trade and other receivables
10,348,144
Assets held-for-sale
11,571,592
Cash and bank balances
1,291,814
Retained earnings (opening)
6,131,332
Long term loans
7,080,676
Share capital
3,402,500
Selling and distribution expenses
8,092,802
Current portion of long term loans
1,496,136
Short term borrowings
3,572,292
Chapter 19 Solutions
INTERMEDIATE ACCOUNTING(LL)-W/2 ACCESS
Ch. 19 - Prob. 19.1QCh. 19 - Prob. 19.2QCh. 19 - The Tax Code differentiates between qualified...Ch. 19 - Stock option (and other share-based) plans often...Ch. 19 - What is a simple capital structure? How is EPS...Ch. 19 - Prob. 19.6QCh. 19 - Blake Distributors had 100,000 common shares...Ch. 19 - Why are preferred dividends deducted from net...Ch. 19 - Prob. 19.9QCh. 19 - The treasury stock method is used to incorporate...
Ch. 19 - The potentially dilutive effect of convertible...Ch. 19 - How is the potentially dilutive effect of...Ch. 19 - Prob. 19.13QCh. 19 - If stock options and restricted stock are...Ch. 19 - Wiseman Electronics has an agreement with certain...Ch. 19 - Prob. 19.16QCh. 19 - When the income statement includes discontinued...Ch. 19 - Prob. 19.18QCh. 19 - Prob. 19.19QCh. 19 - (Based on Appendix B) LTV Corporation grants SARs...Ch. 19 - Prob. 19.1BECh. 19 - Prob. 19.2BECh. 19 - Stock options LO192 Under its executive stock...Ch. 19 - Prob. 19.4BECh. 19 - Prob. 19.5BECh. 19 - Prob. 19.6BECh. 19 - Prob. 19.7BECh. 19 - Prob. 19.8BECh. 19 - Prob. 19.9BECh. 19 - Performance-based options LO192 Refer to the...Ch. 19 - Prob. 19.11BECh. 19 - Prob. 19.12BECh. 19 - EPS; nonconvertible preferred shares LO197 At...Ch. 19 - Prob. 19.14BECh. 19 - Prob. 19.15BECh. 19 - Prob. 19.16BECh. 19 - Prob. 19.1ECh. 19 - Prob. 19.2ECh. 19 - Prob. 19.3ECh. 19 - Prob. 19.4ECh. 19 - Prob. 19.5ECh. 19 - Prob. 19.6ECh. 19 - Prob. 19.7ECh. 19 - Prob. 19.8ECh. 19 - Prob. 19.9ECh. 19 - Prob. 19.10ECh. 19 - Prob. 19.11ECh. 19 - EPS; shares issued; stock dividend LO195, LO196...Ch. 19 - Prob. 19.13ECh. 19 - EPS; stock dividend; nonconvertible preferred...Ch. 19 - EPS; net loss; nonconvertible preferred stock;...Ch. 19 - EPS; stock dividend; nonconvertible preferred...Ch. 19 - Prob. 19.17ECh. 19 - EPS; stock dividend; nonconvertible preferred...Ch. 19 - EPS; stock dividend; nonconvertible preferred...Ch. 19 - EPS; shares issued; stock options LO196 through...Ch. 19 - EPS; convertible preferred stock; convertible...Ch. 19 - Prob. 19.22ECh. 19 - Prob. 19.23ECh. 19 - Prob. 19.24ECh. 19 - Prob. 19.25ECh. 19 - EPS; concepts; terminology LO195 through LO1913...Ch. 19 - FASB codification research LO192 The FASB...Ch. 19 - Prob. 19.28ECh. 19 - Prob. 19.29ECh. 19 - Prob. 19.30ECh. 19 - Restricted stock units; cash settlement Appendix...Ch. 19 - Stock options; forfeiture; exercise LO192 On...Ch. 19 - Stock options; graded vesting LO192 January 1,...Ch. 19 - Stock options; graded vesting; measurement using a...Ch. 19 - Stock options; graded vesting; IFRS LO192, LO1914...Ch. 19 - Prob. 19.5PCh. 19 - Prob. 19.6PCh. 19 - Prob. 19.7PCh. 19 - Prob. 19.8PCh. 19 - EPS from statement of retained earnings LO194...Ch. 19 - EPS from statement of shareholders equity LO194...Ch. 19 - EPS; non convertible preferred stock; treasury...Ch. 19 - EPS; non convertible preferred stock; treasury...Ch. 19 - EPS; non convertible preferred stock; treasury...Ch. 19 - EPS; convertible preferred stock; convertible...Ch. 19 - EPS; antidilution LO194 through LO1910, LO1913...Ch. 19 - EPS; convertible bonds; treasury shares LO194...Ch. 19 - Prob. 19.17PCh. 19 - Prob. 19.18PCh. 19 - EPS; options; restricted stock; additional...Ch. 19 - Prob. 19.1BYPCh. 19 - Communication Case 192 Stock options; basic...Ch. 19 - Prob. 19.3BYPCh. 19 - Real World Case 195 Share-based plans; Walmart ...Ch. 19 - Prob. 19.6BYPCh. 19 - Prob. 19.7BYPCh. 19 - Analysis Case 198 EPS concepts LO194 through...Ch. 19 - Prob. 19.9BYPCh. 19 - Prob. 19.10BYPCh. 19 - Communication Case 1911 Dilution LO199 I thought...Ch. 19 - Real World Case 1912 Reporting EPS; discontinued...Ch. 19 - Analysis Case 1913 Analyzing financial statements;...Ch. 19 - Analysis Case 1915 Kelloggs EPS; PE ratio;...Ch. 19 - Prob. 19.16BYPCh. 19 - Prob. 1CCTCCh. 19 - Air FranceKLM Case IFRS LO199 Air FranceKLM (AF),...
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