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❶Weygandt , Donald E. Weygandt , Donald E.

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Explain the accounting for small and large stock dividends, and for stock splits. Explain the different types of preferred stock dividends and their effect on book value per share. For example, convertible preferred stock that is convertible into common stock on a two-for-one basis two shares of common for each share of preferred.

The proportional interest of each shareholder remains the same. Sometimes called a stock split-up. Except for a few instances, the issuance of additional shares of less than 20 or 25 percent of the number of previously outstanding shares would call for treatment as a stock dividend as described in paragraph Specific incremental costs directly attributable to a proposed or actual offering of securities may properly be deferred and charged against the gross proceeds of the offering.

However, management salaries or other general and administrative expenses may not be allocated as costs of the offering and deferred costs of an aborted offering may not be deferred and charged against proceeds of a subsequent offering.

A short postponement up to 90 days does not represent an aborted offering. In either case, the price received may differ from the amount paid to repurchase the shares. While the net asset value of the shares of common stock outstanding in the hands of the public may be increased or decreased by such repurchase and retirement, such transactions relate to the capital of the corporation and do not give rise to corporate profits or losses. There is no essential difference between the following: The repurchase and resale of its own common stock.

The direct costs of issuing stock, such as underwriting costs, accounting and legal fees, printing costs, and taxes, should be reported as a reduction of the amounts paid in. Issue costs are therefore debited to Paid-in Capital in Excess of Par—Common Stock because they are unrelated to corporate operations.

The major reasons for purchasing its own shares are: If treasury stock is carried in the accounts at cost, these so-called gains or losses arise when the treasury stock is sold.

Since treasury stock cannot be considered an asset, dividends on treasury stock are not properly included in net income. The character of preferred stock can be altered by being cumulative or noncumulative, participating or nonparticipating, convertible or nonconvertible, callable or noncallable, or redeemable.

Nonparticipating means the security holder is entitled to no more than the specified fixed dividend. Here we are debiting retained earnings account as it is and income and crediting of common stock and paid in excess capital accounts is done as the cash outflow occurred through their dividend payout.

Here we are debiting the treasury stock account as it is acquired and crediting the cash account as the cash outflow happened through purchase. Here we are debiting the cash account as we acquired the cash and increased the asset value, credited the treasury stock account to show the balance of treasury stock. The difference is the paid-in capital from the treasury stock purchase and issue. Here we have debited Income summary account as the income is reported and credited the retained earnings account as the income is transferred to retained earnings account.

The following are the formulas to examine the dividend payout ratio and the return on common stock equity ratio. Hence with the substitution of given values as per the relevance in the above formula we get the dividend payout ratio and return on common stock equity ratio as,.

I used to do tons of practice problems from my accounting textbooks because they had solutions provided to see if you got it correct. However, I can't find solutions for this edition! Can anyone help me? I want to study and understand this material, but I have no way to practice and see if I'm doing it right. Here is the link as many people are asking for it. Hi MightyElmo, do you mind sending me the link too? I have such a hard time in my accounting class.

The questions in the 14th edition are just about the same as the 15th. I can't say for the newest updated 15th edition. Torrent sites have the solutions manual as well as instructors manuals which is also very helpful , test banks which my intermediate I professor used for making her tests this has a shit ton of questions so don't try and remember questions , excel templates, and another exercise B solution set. These are all very helpful. On wiley's website you can also find under student resources study guides for each chapter, which is essentially chapter outlines, and pp slides for each chapter.

Intermediate is all about practice, so I would highly recommenced the extra two books, along with the solutions manual for the textbook, and the test banks. The test banks are a good place to start since there's like questions per chapter.


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Kieso, Weygandt, Warfield, Young, Wiecek, McConomy. Intermediate Accounting, Tenth Canadian Edition CHAPTER 15 SHAREHOLDERS’ EQUITY SOLUTIONS TO BRIEF EXERCISES/5(3). How is Chegg Study better than a printed Intermediate Accounting 15th Edition student solution manual from the bookstore? Our interactive player makes it easy to find solutions to Intermediate Accounting 15th Edition problems you're working on - just go to the chapter for your book.

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Copyright © John Wiley & Sons, Inc. Kieso Intermediate: IFRS Edition, Solutions Manual Questions Chapter 15 (Continued) 9. The general rule to be applied. Kieso, Weygandt, Warfield: Intermediate Accounting, 15th Edition. Home. Browse by Chapter. Browse by Chapter.