Answered: discuss how stc stakeholders might view…

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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Question

The president of southern tagalog corporation made this statement in the company's annual report as this is primary goal is to increase the value of our common stockholders equity later report the following announcement the company contributed 1.5 million pesos to the symphony orchestra the spending 500 million pesos to open a new plant at expand operations no profits will be produced by the operation for four years so earnings will be depressed during this period versus what day would have been had the decision been made not to expand letter c the company holds about half of its assets in the form of government treasury bonds and it keeps a this funds available for use in emergencies in the future though stc plans to shift its emergency funds from treasury bonds to common stocks discuss how stc stakeholders might view each of these actions and how the actions might affect the stock price

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