Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Considering that in the Statement of Financial Position, all liabilities are clearly differentiated and mentioned separately under 2 headings, current and long term. What can

Considering that in the Statement of Financial Position, all liabilities are clearly differentiated and mentioned separately under 2 headings, current and long term. What can be the main purpose of this?
Q2. As a bakery business continues to grow, cash flow has become more of a concern. The board of directors would like to maintain the market share price, so a discussion ensues about issuing a stock dividend versus a cash dividend. As a newly appointed member please suggest and cast your vote with due justifications for the above scenarios. You have 3 options, do not pay dividend, pay cash dividend, pay stock dividend.
Q3. What is the treatment of amortization of bond discount and bond premium in the net income for making the cash flow from operating activity section? Justify with reasoning.
Q4. Under financial reporting requirements, subsequent period date is between which 2 specific dates? What are the three options available for transactions occurring between subsequent period date? Give an example of each.
Q5. Student A and B are arguing about par value. A believes it is a legal requirement and hence very important for companies while B believes that par value has no economic significance. Are both correct or not? Why?
Q6. Explain five factors with examples behind restatement of retained earnings?
image text in transcribed
Q1. Considering that in the Statement of Financial Position, all liabilities are clearly differentiated and mentioned separately under 2 headings, current and long term. What can be the main purpose of this? answer should be from class discussions). Q2. As a bakery business continues to grow, cash flow has become more of a concern. The board of directors would like to maintain the market share price, so a discussion ensues about issuing a stock dividend versus a cash dividend. As a newly appointed member please suggest and cast your vote with due justifications for the above scenarios. You have 3 options, do not pay dividend, pay cash dividend, pay stock dividend. Answer as per class discussions Q3. What is the treatment of amortization of bond discount and bond premium in the net income for making the cash flow from operating activity section? Justify with reasoning. Q4. Under financial reporting requirements, subsequent period date is between which 2 specific dates? What are the three options available for transactions occurring between subsequent period date? Give an example of each. 05. Student A and B are arguing about par value. A believes it is a legal requirement and hence very important for companies while B believes that par value has no economic significance. Are both correct or not? Why? Q6. Explain five factors with examples behind restatement of retained earnings? Your answer should be based on class discussion on the topic. Q1. Considering that in the Statement of Financial Position, all liabilities are clearly differentiated and mentioned separately under 2 headings, current and long term. What can be the main purpose of this? answer should be from class discussions). Q2. As a bakery business continues to grow, cash flow has become more of a concern. The board of directors would like to maintain the market share price, so a discussion ensues about issuing a stock dividend versus a cash dividend. As a newly appointed member please suggest and cast your vote with due justifications for the above scenarios. You have 3 options, do not pay dividend, pay cash dividend, pay stock dividend. Answer as per class discussions Q3. What is the treatment of amortization of bond discount and bond premium in the net income for making the cash flow from operating activity section? Justify with reasoning. Q4. Under financial reporting requirements, subsequent period date is between which 2 specific dates? What are the three options available for transactions occurring between subsequent period date? Give an example of each. 05. Student A and B are arguing about par value. A believes it is a legal requirement and hence very important for companies while B believes that par value has no economic significance. Are both correct or not? Why? Q6. Explain five factors with examples behind restatement of retained earnings? Your answer should be based on class discussion on the topic

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions