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Dividend Policy:
The dividend policy refers to the plan of the corporation to distribute its earnings amongst the shareholders. A company may distribute huge dividend if it has sufficient profits and it may also retain a large amount of earnings in case it has more investment opportunities in the business. The policy of distributing and retaining profits is called the dividend policy.
Treasury stock is the shares bought back by the company itself. A company may purchase its own shares and the shares bought back are called treasury stock.
1. Dividend Policy of Facebook:
To indicate:
The dividend policy of Facebook in its 2015 annual report
2. Par value of Class A common shares:
To indicate:
The Par value of Class A common shares of Facebook Inc.
3. Treasury Stock:
To determine:
If Facebook Inc has any treasury stock
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Chapter 13 Solutions
Horngren's Accounting: The Managerial Chapters (12th Edition) (loose Leaf Version)
- I want to correct answer general accounting questionarrow_forwardQuick answer of this accounting questionsarrow_forwardMead Incorporated began operations in Year 1. Following is a series of transactions and events involving its long-term debt investments in available-for-sale securities. Year 1 January 20 Purchased Johnson & Johnson bonds for $20,500. February 9 Purchased Sony notes for $55,440. June 12 Purchased Mattel bonds for $40,500. December 31 Fair values for debt in the portfolio are Johnson & Johnson, $21,500; Sony, $52,500; and Mattel, $46,350. Year 2 April 15 Sold all of the Johnson & Johnson bonds for $23,500. July 5 Sold all of the Mattel bonds for $35,850. July 22 Purchased Sara Lee notes for $13,500. August 19 Purchased Kodak bonds for $15,300. December 31 Fair values for debt in the portfolio are Kodak, $17,325; Sara Lee, $12,000; and Sony, $60,000. Year 3 February 27 Purchased Microsoft bonds for $160,800. June 21 Sold all of the Sony notes for $57,600. June 30 Purchased Black & Decker bonds for $50,400. August 3 Sold all of the Sara…arrow_forward
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