Class Handout Ch 2 parts 2

Which items are required by the SEC to be included in the Form 10-K? Question 14 options: Customer accounts, legal proceedings, financial statements. Executive compensation, properties, list of all shareholders by name. Financial statements and supplementary data, properties, risk factors. Legal proceedings, three-year summary of financial data, risk factors

Tasks: 1. Look for financial statements of real-life companies with equity investments. Both local and international companies will be accepted. 2. Give an overview/ background on both the investor and the investee companies. 3. Identify the type of equity investment of the investor and explain. Note: Company annual reports and financial statements provide information on investments. Action taken for the late submission of assignment: Academic Integrity & Plagiarism Policy: The student should be ready to prove the authenticity of the work done. If any forms of plagiarism/reproduction of answers are discovered, student will be asked to repeat the assignment, if first offence; otherwise will be awarded zero marks.

MC Qu. 41-14 The The requires that all investment companies file a notification of registration with the SEC. Multiple Choice Market Reform Act Penny-Stock Act requires that all investment... Investment Company Act Securities and Exchange Amendment Act APR 27 Trave

Knowledge Check 01 Which of the following statements about the equity method are true? Note: Select all that apply. Check All That Apply International accounting standards require the equity method for use with significant influence investees. U.S. GAAP require the equity method for use with significant influence investees. U.S. GAAP requires that the accounting policies of investees be adjusted to correspond to those of the investor when applying the equity method. Both IFRS and U.S. GAAP provide the fair value option for all investments that qualify for the equity method.

ecember / B207B - QUIZ 3 SEC 60- 09.12.2020 is the approach favored by most accountants in value measuring and financial reporting. Select one: O a. Key performance indicator (KPI) O b. Fair Value Accounting (FVA) O c. Historical Cost Accounting (HCA) O d. Return On Investment (ROI)

Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 1,900 of its treasury shares at $27 cash per share. August 22 Sold 3,100 of its treasury shares at $20 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $206,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger View…

Which required SEC filing would a company use to share the following information?  "Our board of directors unanimously recommends a vote "FOR" the ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending January 30, 2022."     Question 39 options:   a)  Proxy   b)  10-K   c)  8-K

SUMMATIVE TEST IN FUNDAMENTALS OF ABM1 Encircle the best answer that corresponds to each item 21. To become a CPA one must pass the CPA Licensure Exam by the government through the___?   a. Professional Regulatory Commission c. Board of Accountancy b. Philippine Institute of Certified Public Accountant d. Commission on Audit    22. The present law governing practice of accounting in the philippines which is also known as the Accountancy Act of 2004?   a. Republic Act 8424 b. Republic Act 9298 c. Republic Act 9892 d. Republic Act 3104   23. It mainly focuses on the proper custody of government funds and their purposes?   a. Cost of Accounting c. Management Accounting   b. Government Accounting d. Financial Accounting   24.Accounting is the process of identifying, measuring, & communicating economic information to permit informed judgments & decision by users of the information.   a. American Accounting Association c. Financial Reporting Standards Council   b.American Institute…

Question 13 of 40 To incorporate, which of the following will the state want to know about your company? A. board of director education level OB. the purpose of your business SUBMIT C. the gross profit from the first quarter D. first year, gross profit goals

Question 1 2020 (i) Which one of the following best illustrates the approach adopted by NCCG 2016?A. “apply and explain”B. “apply or explain”C. “comply and explain”D. “comply or explain” (ii) Agency theory is based on the view thatA. The purpose of corporate governance (CG) should be to satisfy (as far as possible) the objectives of all stakeholders.B. Boards of directors are considered as important mechanism for reducing transaction costs associated with environmental interdependency.C. Corporate governance will be to employ or design techniques or systems that can secure the interests and values of the management.D. The system of CG should be designed to minimise agency problems & costs. (iii) Which one of the following statements is not a relevant reason for an accountant to liaise with their predecessor when accepting a professional assignment?A. It is a matter of professional etiquetteB. To avoid the appearance of solicitationC. To determine whether the professional fees…

> Question 3 Please match the individual/group listed in the left hand column with the function he/she/they perform. The Independent Auditor The Compensation Committee The Audit Committee The CEO and the CFO The Governance Committee ✓ [Choose ] Issuing a report on the financial statements and ICFR Pre-approving audit and non-audit services Nominating new board members Determining the salary of the CEO Signing off on disclosure controls and ICFR [Choose ] [Choose ] [Choose ]

NAME: SCORE: SECTION: PROFESSOR: Problem #16 Shareholders' Equity Section The shareholders' equity T-accounts of Geron Greeting Cards, Inc. for the year ended Dec. 31, 2019, are as follows: Ordinary Shares Jan. 1 Balance 3,000,000 Mar. 7 Isued 1,350,000 4,350,000 27,000 shares Dec. 31 Balance Share Premium-Ordinary Jan. 1 Balance 480,000 Mar. 7 Isued 27,000 shares 324,000 Dec. 31 Balance 804,000 Treasury Stock Aug. 7 Purchased 4,500 shares 216,000 Retained Earnings Mar. 31 Dividends 37,500 Jan. 1 Balance 5,220,000 June 30 Dividends 37,500 Dec. 31 Closing Sept. 30 Dec. 31 Dividends Dividends 37,500 (profit) Dec. 31 Balance 765,000 37,500 5,835,000 Required: Prepare the shareholders' equity section for the year ended Dec. 31, 2019.

QUESTION 16 Which of the following are users of University of West London's financial statement? a. Shareholder, suppliers, and employees b.Students, suppliers, and employees C. Shareholders, Government, and students d.Suppliers, employees, and Investors

Search Textbook Solutio x y M A201 Final Exam Fall 20 x C O ezto.mheducation.co hm.tpx IThe following information applies to the questions displayed below. Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, par value $17 per share, 13,400 shares authorized. During e year, the following selected transactions were completed: Sold and Issued 6,800 shares of common stock for cash at $34 per share. b. Sold and Issued 1700 shares of common stock for cash at $39 per share 12. Required information Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (b). (If no entry ls required for a transaction/event, select "No Journal entry required In the first account field.) view transaction list view general journal Journal Entry Worksheet 0 2 sold 6,800 shares of common stock for cash at $34 per share Debit Credit Transaction General Jouma

Question 2 The owners are desirous of comparing serval financial transactions and possible outcomes to assist in guiding their decision-making process. They assume that the company will be formed on January 1, 2020 and that Mulatto Company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. Issued 5000 shares of common stock. Stock has par value of $0.01per share and was issued at $30 per share. Issued 2000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged 100,000 shares of common stock for land with an appraised value of $250,000 and a building with an appraised value of $450,000. Earned Net income $500,000. Paid dividends to preferred shareholders as well as…