Mention the number of years over which compensation related to share-based awards is expensed by Corporation T
Mention the number of years over which compensation related to share-based awards is expensed by Corporation T
Solution Summary: The author explains how Corporation T expensed compensation related to share-based awards over the vesting period, or minimum service period required, for the year ended January 30, 2016.
Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.
Chapter 19, Problem 1CCTC
(1)
To determine
Mention the number of years over which compensation related to share-based awards is expensed by Corporation T
(2)
To determine
Indicate the form of compensation related to share-based awards as reported by Corporation T for the year ended January 30, 2016
(3)
To determine
Earnings per share (EPS): The amount of earnings made available to each common share is referred to as earnings per share. Dilutive securities like convertible bonds, convertible preferred stock, and stock options, reduce the EPS by increasing the common shares.
The projection of EPS of Corporation T based only on the EPS reported over three years.
(4)
To determine
Indicate the number of shares included in the computation of diluted EPS, due to share-based compensation awards, for the recent three years.
Repsola is a drilling company that operates an offshore Oilfield in Feeland. Five yearsago, Feeland had a major oil discovery and granted licenses to drill oil to reputable,experienced drilling companies. The licensing agreement requires the company toremove the oil rig at the end of production and restore the seabed. Ninety percent ofthe eventual costs of undertaking the work relate to the removal of the oil rig andrestoration of damage caused by building it and ten percent arise through theextraction of the oil. At the Statement of Financial Position (SOFP) date (December 312025), the rig has been constructed but no oil has been extractedOn January 1st 2023, Repsola obtained the license to construct an oil rig at a cost of$500 million. Two years later the oil rig was completed. The rig is expected to beremoved in 20 years from the date of acquisition. The estimated eventual cost is 100million. The company’s cost of capital is 10% and its year end is December 31st. Repsolauses…
Maharaj Garage & Car Supplies sells a variety of automobile cleaning gadgets including a variety of hand
vacuums. The business began the first quarter (January to March) of 2024 with 20 (Mash up Dirt) deep clean,
cordless vacuums at a total cost of $126,800.
During the quarter, the business completed the following transactions relating to the "Mash up Dirt" brand.
January 8
January 31
February 4
February 10
February 28
March 4
March 10
March 31
March 31
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charge of $518 cash on each vacuum to have the inventory shipped from the point of purchase
to their warehouse.
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these units were sold on account to Mandys Cleaning Supplies, a longstanding customer)
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