Amazon.com, Inc.'s financial statements are presented in Appendix D.Click here to view Appendix D.Financial statements of Walmart Inc.". are presented in Appendix E.Click here to view Appendix E.The complete annual reports of Amazon and WalMart, including the notes to the financial statements, are available at each company'srespective website.WalMart has 11,000 million shares authorized.(a)What percentage of authorized shares was issued by Amazon at December 31, 2021, and by WalMart at January 31, 2022?(Round answers to 1 decimal place, e.g. 52.5%.)AmazonWalMartPercentage of authorized shares issued%%

Answered: Amazon.com, Inc.'s financial statements…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Nutritious Pet Food Company's board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 8,000 shares but 1,900 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank. Nov. 12
Tunis Incorporated has a March 31 year-end. The following information pertains to the company’s shares:Common Shares: unlimited # authorized, 45,000 issued; $180,000Preferred Shares: unlimited # authorized, $6 cumulative; 0 issued; $0A transaction listing for Tunis Incorporated’s prior fiscal year is as follows:Issued 20,000 common shares at $5/share ................... Apr 5Issued 5,000 preferred shares at $30/share .................. May 17Declared/paid a $6/share dividend on preferred shares ... Jul 14Bought and retired 1,000 preferred shares at $37/share.. Aug 19Declared/paid a $1/share dividend on common shares .... Nov 16Issued 500 common shares in exchg. for $10K machine .. Dec 19RequiredPrepare the required journal entries in good form (with dates) for the above-listed transactions
Viceroy Ltd has a December 31 year-end. Its ledger account for Common Shares (Class A voting) showed the following information (dollars amounts are in thousands): Opening Balance Jan1 = 400,000 shares Shares issued June 30 = 200,000 Shares issued September 30 = 50,400 Net Income for the Year =$2,000,000 Preferred Shares (Class B Non Voting Cumulative) = 50,000 shares ($600) Preferred Share Dividend entitlement for the year $129,000 Hint: check EPS formula in the chapter of Financial Statement Analysis Required 1: What is the Basic Earnings Per Share that Viceroy will report this year? Hint: when number of shares change during the term, a simple average does not apply, instead use the weighted average number of common shares. $ Required 2: The weighted average number of common shares for the year is: Required 3: The total earnings considered in the EPS formula for the year is: $
Yard Spray Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On January 31 of the current year, Yard Spray Inc. reacquired 19,600 shares of its common stock at $19 per share. On June 14, 13,700 of the reacquired shares were sold at $25 per share, and on November 23, 4,700 of the reacquired shares were sold at $20. Required: a. Journalize the transactions of January 31, June 14, and November 23. b. What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? What is the balance in Treasury Stock on December 31 of the current year? How will the balance in Treasury Stock be reported on the balance sheet?
Concordia Corporation has 96,900 common shares that have been issued. It declares a 4% stock dividend on December 1 to shareholders of record on December 20. The shares are issued on January 10. The share price is $15 on December 1, $14.50 on December 20, and $14.75 on January 10. b) Provide the required journal entries on the appropriate dates to record the stock dividend. Only provide account names as the dollar amount has already been calculated in part a). (If no entry is required, select "No Entry" for the account titles.) December 1 Dividends Declared Dividends Payable Stock Dividends Distributable Common Shares Preferred Shares Retained Earnings Cash No Entry
When incorporated Y Ltd. Issued 2,000 common shares to A for dollar 2,000. In year 2, Y Ltd. issued 1,600 additional common shares to B for dollar 16,000, the market value of the shares at that date. What is the total paid up capital of the common shares owned by A?
Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 12,000 shares but 2,000 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend?
Check my work The annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 785 million shares had been issued and the number of shares in treasury stock was 96 million. During 2017, the only common share transactions were that 19 million common shares were reissued from treasury and 25 million common shares were purchased and held as treasury stock. Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017. (Enter your answers in millions.) Number of Common Shares (in millions) |(a) Issued Stock |(b) Treasury Stock |(c) Shares Outstanding

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