As a team, select an industry to analyze. Reuters provides lists of industries and their makeup at
Question:
As a team, select an industry to analyze. Reuters provides lists of industries and their makeup at www.reuters.com . Each team member should acquire the annual report or 10-K for one publicly traded company in the industry, with each member selecting a different company. (Library files, the SEC EDGAR service at www.sec.gov , Compustat CD, or the company itself are good sources.)
Required:
On an individual basis, each team member should write a short report answering the following questions about the selected company. Discuss any patterns across the companies that you as a team observe. Then, as a team, write a short report comparing and contrasting your companies.
1. a. List the accounts and amounts of the company’s stockholders’ equity.
b. From the footnotes, identify any unusual features in its contributed capital accounts (e.g.,
convertible preferred, nonvoting common, no par value), if any.
2. What amount of stock was issued in the most recent year? (You will need to refer to the statement of cash flows for the cash proceeds and the statement of stockholders’ equity for the amounts in the capital accounts.)
a. What was the average market value per share of the issuance?
b. Recreate the journal entry for the issuance.
3. What amount of treasury stock, if any, did the company purchase during the year?
4. What types of dividends, if any, did the company declare during the year? How much was paid in cash?
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