Intermediate Accounting
3rd Edition
ISBN: 9780136912644
Author: Elizabeth A. Gordon; Jana S. Raedy; Alexander J. Sannella
Publisher: Pearson Education (US)
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Chapter 15, Problem 1JC
To determine
To prepare:
Given information:
A company named TUFA uses cost method to repurchases 10,000 treasury shares from a key shareholder at $55 per share. The shareholder filed a lawsuit against TUFA. The settlement of lawsuit includes repurchase agreement. Last year TUFA repurchase at $35 per share. Net income in last year was $1.67 per share where as this year $2 per share.
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B2
A
1 DATE VALUE
X✓ fx
2
1
3
9
4
548
56
3835
40468
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B
C
D
E
F
G
H
MEASURE
Current Date (TODAY)
VALUE
FORMULA
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VALUE
FORMULA
Current Time (NOW)
#N/A
#N/A
Use E6 "Problem Date" for green cells in col. E & I
Cumulative full days this year
#N/A
Year to date fraction (YEARFRAC)
#N/A
Use E6 "Problem Date" for green cells in col. E & I
Month to date fraction of year
#N/A
10/8/2019
Day of the week
#N/A
6
Problem Date
7
Year (YEAR)
8 Date Value
Fractional Date
Month (MONTH)
9
40468.25
Day (DAY)
10
40468.375
11
40468.625
12
13
14
15 DATE DATA CLEANUP and MANIPULATION
End of month
Start of month
Start of next month
First day of the year
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
TIP: Use custom date format to display
as the name of the day (dddd)
Name of month
Workdays in current month
#N/A
#N/A
30 workdays (excluding weekends) from today
Days between today and 30 workdays from now
#N/A
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16
Target
$2,000
17
18 DATE
REVENUE
MONTH
DAY OF WEEK
Hit Target?
MONTH
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Chapter 15 Solutions
Intermediate Accounting
Ch. 15 - Prob. 15.1QCh. 15 - What are the retained earnings of a firm?Ch. 15 - Prob. 15.3QCh. 15 - Prob. 15.4QCh. 15 - Does an entity have to legally dissolve treasury...Ch. 15 - Prob. 15.6QCh. 15 - Prob. 15.7QCh. 15 - Prob. 15.8QCh. 15 - Prob. 15.9QCh. 15 - Prob. 15.10Q
Ch. 15 - Prob. 15.11QCh. 15 - Do firms often use stock dividends to avoid...Ch. 15 - Prob. 15.13QCh. 15 - What is included in other comprehensive income?Ch. 15 - Is a specific format required for reporting...Ch. 15 - Prob. 15.16QCh. 15 - Boone Corporations outstanding capital stock on...Ch. 15 - Prob. 15.2MCCh. 15 - Prob. 15.3MCCh. 15 - Prob. 15.4MCCh. 15 - Prob. 15.5MCCh. 15 - Prob. 15.6MCCh. 15 - Prob. 15.7MCCh. 15 - Prob. 15.1BECh. 15 - Stockholders Equity Terminology, U.S. GAAP, IFRS....Ch. 15 - Common Stock Issuance, No Par Value. Perdido...Ch. 15 - Prob. 15.4BECh. 15 - Prob. 15.5BECh. 15 - Prob. 15.6BECh. 15 - Prob. 15.7BECh. 15 - Prob. 15.8BECh. 15 - Treasury Stock Transactions. Ginger Spice...Ch. 15 - Treasury Stock Transactions. On March 15, Chief...Ch. 15 - Treasury Stock Transactions, Retirement. Using the...Ch. 15 - Prob. 15.12BECh. 15 - Prob. 15.13BECh. 15 - Prob. 15.14BECh. 15 - Common Stock Issuance, Stated Value, Issue Costs....Ch. 15 - Common Stock Issuance. Par Value, Issue Costs,...Ch. 15 - Prob. 15.3ECh. 15 - Prob. 15.4ECh. 15 - Treasury Stock Transactions, Retirement,...Ch. 15 - Prob. 15.6ECh. 15 - Treasury Stock Transactions. Several years ago,...Ch. 15 - Prob. 15.8ECh. 15 - Prob. 15.9ECh. 15 - Prob. 15.10ECh. 15 - Prob. 15.11ECh. 15 - Preferred Stock Issuance Dividends, Disclosure....Ch. 15 - Prob. 15.13ECh. 15 - Prob. 15.14ECh. 15 - Prob. 15.15ECh. 15 - Prob. 15.16ECh. 15 - Prob. 15.17ECh. 15 - Prob. 15.18ECh. 15 - Prob. 15.19ECh. 15 - Prob. 15.20ECh. 15 - Prob. 15.21ECh. 15 - Prob. 15.1PCh. 15 - Prob. 15.2PCh. 15 - Prob. 15.3PCh. 15 - Prob. 15.4PCh. 15 - Prob. 15.5PCh. 15 - Prob. 15.6PCh. 15 - Prob. 15.7PCh. 15 - Prob. 15.8PCh. 15 - Prob. 15.9PCh. 15 - Prob. 1JCCh. 15 - Judgment Case 2: Impact of Judgment in Accounting...Ch. 15 - Prob. 1SSCCh. 15 - Prob. 1BCCCh. 15 - Prob. 2BCC
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