Q: Tweedie Company issues 10,000 shares of restricted stock to its
Tweedie Company issues 10,000 shares of restricted stock to its CFO, Mary Tokar, on January 1, 2014. The stock has a fair value of $500,000 on this date. The service period related to this restricte...
See AnswerQ: On May 1, 2014, Friendly Company issued 2,000
On May 1, 2014, Friendly Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98, but the fair value of...
See AnswerQ: Amy Dyken, controller at Fitzgerald Pharmaceutical Industries, a public company
Amy Dyken, controller at Fitzgerald Pharmaceutical Industries, a public company, is currently preparing the calculation for basic and diluted earnings per share and the related disclosure for Fitzge...
See AnswerQ: Explain the treasury-stock method as it applies to options and
Explain the treasury-stock method as it applies to options and warrants in computing dilutive earnings per share data.
See AnswerQ: Capulet Company establishes a stock-appreciation rights program that entitles its
Capulet Company establishes a stock-appreciation rights program that entitles its new president Ben Davis to receive cash for the difference between the market price of the stock and a pre-establish...
See AnswerQ: Explain how the conversion feature of convertible debt has a value (
Explain how the conversion feature of convertible debt has a value (a) to the issuer and (b) to the purchaser.
See AnswerQ: McIntyre Corporation issued 2,000 $1,000 bonds at
McIntyre Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 98. The market price of the warran...
See AnswerQ: What is meant by the term antidilution? Give an example.
What is meant by the term antidilution? Give an example.
See AnswerQ: Briefly describe some of the similarities and differences between GAAP and IFRS
Briefly describe some of the similarities and differences between GAAP and IFRS with respect to the accounting for dilutive securities, stock-based compensation, and earnings per share.
See AnswerQ: On January 1, 2014, Crocker Company issued 10-year
On January 1, 2014, Crocker Company issued 10-year, $2,000,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Crocker common stock. Crocker’s net income in 201...
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