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I need help answering all the requirement questions pter 10 APPLY YOUR KNOWLEDGE Serial Case stock transactions on a company C10 97. (Learning Objectives 2
I need help answering all the requirement questions
pter 10 APPLY YOUR KNOWLEDGE Serial Case stock transactions on a company C10 97. (Learning Objectives 2 3,4: Calculate Impact o in the restaurant industry) 0 2, 3, 4 Note: This case is part of The Cheesecake Factory serial case contained in every chapter in t textbook The Cheesecake Factory Incorporated (NASDAQ: CAKE) is publicly held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has preferred stock authorized but did not have any preferred stock issued During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During that same year, it purchased 2.9 million shares of its own common stock at an approximate cost of $146.5 million Requirements 1. What impact, if any, would the cash dividend have had on The Cheesecake Factory's assets, liabilities, and equity during 2016? 2. What impact, if any, would the cash dividend have had on The Cheesecake Factory's revenues and expenses during 2016? 3. On which financial statement(s) would the cash dividends be listed for 2016? 4. W hat impact, if any, would the purchase of the common stock have had on The Cheesecake 5. What impact, if any, would the purchase of the common stock have had on The Cheesecake 6. On which financial statement(s) would the repurchase of the common stock be listed for 2016? Factory's assets, liabilities, and equity during 2016? Factory's revenues and expenses during 2016Step by Step Solution
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