Chapter 11, Problem 11.3EYCT

(a)

To determine

Stockholders’ Equity Section: It is refers to the section of the balance sheet that shows the available balance stockholders’ equity as on reported date at the end of the financial year.

To compute: The percentage of authorized shares issued by Company A at December 31, 2015 and by Incorporation WM at January 31, 2016.

(b)

To determine

To identify: The numbers of shares are held as treasury stock by Company A at December 31, 2015 and by Incorporation WM at January 31, 2016.

(c)

To determine

To identify: The number of common shares outstanding for Company A at December 31, 2015, and the number of common shares outstanding for Incorporation WM at January 31, 2016.

(d)

To determine

To compute: Basic earnings per share for Company A and Incorporation WM for 2015.

(e)

To determine

To identify: The amount of dividends paid by Company A and Incorporation WM in 2015.