Loose Leaf for Fundamental Accounting Principles
Loose Leaf for Fundamental Accounting Principles
23rd Edition
ISBN: 9781259687709
Author: John J Wild, Ken Shaw Accounting Professor, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
Question
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Chapter 13, Problem 1BTN
To determine

Concept Introduction:

The terms that are included in the common stock of a company as – authorized capital, issued and outstanding, shares bought back or treasury stock. The company pays return to its investors in the form of dividends. The earning potential on the shares is calculated. The measure that is used to know the potential is Earnings per share. It can be basic as well as dilutive.

Requirement 1

• Shares of Common Stock issued and outstanding at September 26, 2015 and September 27, 2014.

• How do these numbers compare with the basic weighted-average common shares outstanding at September 26, 2015 and September 27, 2014?

To determine

Requirement 2

Book value of its entire common stock at September 26, 2015

To determine

Requirement 3

Cash dividends paid to common stockholders for the year September 26, 2015 and September 27, 2014.

To determine

Requirement 4

To identify and Compare:

Basic EPS amounts across fiscal years 2015, 2014 and 2013 and comment on any notable changes.

To determine

Requirement 5

Number of shares Apple hold in treasury stock for September 26, 2015 and September 27, 2014.

To determine

Requirement 6

To identify:

If the outstanding shares have increased after 2015 and has the increased the total amount of cash dividends paid when compared with 2015.

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Chapter 13 Solutions

Loose Leaf for Fundamental Accounting Principles

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