Questions from Financial Accounting

Q: Macy's, Inc., reported the following in its 2017 annual report

Macy's, Inc., reported the following in its 2017 annual report: On December 22, 2017, H.R. 1 was enacted into law. This new tax legislation, among other things, reduced the U.S. federal corporate tax...

Q: The stockholders' equity section of Gupta Company at December 31, 2018

The stockholders' equity section of Gupta Company at December 31, 2018, follows. During 2019, the following transactions occurred: Jan. 10 Issued 28,000 shares of common stock for $ 17 cash per share....

Q: The stockholders' equity of Sougiannis Company at December 31, 2018,

The stockholders' equity of Sougiannis Company at December 31, 2018, follows. The following transactions, among others, occurred during 20 I 9. Jan. 12 Announced a 3-for-l common stock split, reducing...

Q: The stockholders' equity of Verrecchia Company at December 31, 2018 follows

The stockholders' equity of Verrecchia Company at December 31, 2018 follows. During 2019, the following transactions occurred. Jan. 5 Issued 10,000 shares of common stock for $ 12 cash per share. Jan....

Q: Following is the stockholders' equity of Dennis Corporation at December 31,

Following is the stockholders' equity of Dennis Corporation at December 31, 2018. The following transactions, among others, occurred during 201 9. Jan. 15 Issued 1,000 shares of preferred stock for $6...

Q: Following is the stockholders' equity section of the balance sheet for The

Following is the stockholders' equity section of the balance sheet for The Procter & Gamble Company along with selected earnings and dividend data. For simplicity, balances for non-controlling int...

Q: The 2017 and 2018 statements of stockholders' equity for Alphabet Inc.

The 2017 and 2018 statements of stockholders' equity for Alphabet Inc. are presented below along with portions on Notes LO and 12 relating to stockholders' equity and equity-based compensation. Note 1...

Q: Following is a portion of the investments footnote 8 from MetLife lnc

Following is a portion of the investments footnote 8 from MetLife lnc.'s 2017 I 0-K report. Investment earnings are a crucial component of the financial performance of insurance companies such as MetL...

Q: On January 1, 2016, Gem Company purchased for $392

On January 1, 2016, Gem Company purchased for $392,000 cash a 70% stock interest in Alpine, Inc., which then had common stock of $420,000 and retained earnings of $ 140,000. Balance sheets of the two...

Q: Vireo Manufacturing Corp. provided the following note in its annual report

Vireo Manufacturing Corp. provided the following note in its annual report for the year ended January 31, 2011: On January 31, 2011, the Company elected to change its costing method for the material c...