December 2010
Intermediate to advanced
848 pages
31h 28m
English
Content preview from Financial Accounting: In an Economic ContextBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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BRIEF EXERCISES
REAL DATA
BE12-1
Inferring shareholders' equity transactions
The following information was taken from the 2008 statement of shareholders' equity of The Home Depot (dollars in millions).
a. What portion of net income was paid out in dividends during the year?
b. Explain how the issuance of shares affected the basic accounting equation.
c. Explain how the purchase of treasury stock affected the basic accounting equation.
d. How much cash was distributed to the company's shareholders during the year?
e. What was the balance sheet value of the retained earnings account at the end of the year?
REAL DATA
BE12-2
Stock splits and market values
When Tandy (RadioShack) Corporation announced a 2:1 stock split, the company had 97 million shares outstanding, trading at $100 per share.
a. Estimate the number of shares outstanding and market price per share immediately after the split.
b. Estimate the company's overall market value, and explain whether you expect the company's overall market value to change due to the split.
REAL DATA
BE12-3
Treasury stock purchases
The following information was taken from the 2009 annual report of Coca-Cola (dollar and share amounts in millions).
a. At what average price did the company repurchase its shares in 2007?
b. At what average price did ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.