Facebook Inc. (now Meta Platforms Inc.) issued 421.2 million class A common shares for $38 per share, on average, in its IPO on 5/18/2012. The par value of the stock was $0.000006 per share. Assume Facebook kept exactly $16 billion of the proceeds from the issue, with the rest being spent on stock issue costs. Record Facebook's entry for the issue of the shares. NOTE: Round dollar amounts to the nearest thousands of dollars.
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- The market value of G's common stock was P20 per share at December 31, 2010, and P27 per share at December 31, 2011. The cost method is used to record treasury shares transactions. What account(s) should G credit in 2011 to record the sale of 3,000 shares? Group of answer choices A. Treasury Shares for P81,000 B. Treasury Shares for P60,000 and Retained Earnings for P21,000 C. Treasury Shares for P72,000 and Retained Earnings for P9,000 D. Treasury Shares for P60,000 and APIC from Treasury Share for P21,000On April 27, 2018, DocuSign, a California company that provides technology to enable digital signatures on important documents, conducted its initial public offering (IPO) of common stock. In the primary market the company's shares were priced at $29 per share, but after one day of trading on the Nasdaq, the share price closed at $39.73. The company sold 21.7 million shares int the offering. a. To what extent (in dollars and on a percentage basis) was DocuSign's stock underpriced in its IPO? b. How much cash (before deducting fees to investment banks) did DocuSign raise? How much more would it have raised if the shares had not been underpriced?In 2016, Western Transport Company entered into the treasury stock transactions described below. In 2014, Western Transport had issued 140 million shares of its $1 par common stock at $17 per share. Required: Prepare the appropriate journal entry for each of the following transactions: 1. On January 23, 2016, Western Transport reacquired 10 million shares at $20 per share. 2. On September 3, 2016, Western Transport sold 1 million treasury shares at $21 per share. 3. On November 4, 2016, Western Transport sold 1 million treasury shares at $18 per share.
- On September 28, 2017, Roku Inc. (NASDAQ: ROKU) concluded its initial public offering (IPO) of 15,900,000 shares of its Class A common stock and realized net proceeds of approximately $219,420,000. The par value per Class A common stock share is $0.0001. Assume that the market price on the issue date was $13.80 per share. Ignore underwriting and other expenses resulting from the IPO. Questions What is the impact on Roku's balance sheet from its IPO? Does this IPO have any direct impact on Roku's net income? On what section of Roku's statement of cash flows will the cash proceeds from the IPO appear? Will it be an increase or decrease in that section?At December 31, 2015, the balance sheet of Meca International included the following shareholders’ equity accounts: Shareholders’ Equity ($ in millions) Common stock, 60 million shares at $1 par $ 60 Paid-in capital—excess of par 300 Retained earnings 410 Required: Assuming that Meca International views its share buybacks as treasury stock, record the appropriate journal entry for each of the following transactions: 1. On February 12, 2016, Meca reacquired 1 million common shares at $13 per share. 2. On June 9, 2017, Meca reacquired 2 million common shares at $10 per share. 3. On May 25, 2018, Meca sold 2 million treasury shares at $15 per share—determine cost as the weightedaverage cost of treasury shares. 4. For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method.On April 27, 2018, DocuSign, a California company that provides technology to enable digital signatures on important documents, conducted its initial public offering (IPO) of common stock. In the primary market the company’s shares were priced at $29 per share, but after one day of trading on the Nasdaq, the share price closed at $39.73. The company sold 21.7 million shares in the offering. To what extent (in dollars and on a percentage basis) was DocuSign’s stock underpriced in its IPO? How much cash (before deducting fees to investment banks) did DocuSign raise? How much more would it have raised if the shares had not been underpriced?
- Cool Company has decided to take their company public on January 1, 2014. Cool company had 1,000 shares authorized. The following transactions occurred. e.) on January 1, 2016, cool company re-issued 1,000 shares of treasury stock at a price of $30 per share. Record the journal entry for this share reissuance. Question: Does the share reissuance in (e) (problem above) affect the income statement? Why or why not?In 2016, Poe's Products completed the treasury stock transactions described below. January 2: Reacquired 10 million shares at $16 per share. February 15: Sold 3 million shares at $20 per share. September 20: Sold 3 million treasury shares at $15 per share. Poe had issued 50 million shares of its $1 par common stock for $18 several years ago. Required: Record the above transactions, assuming that Poe's Products uses the cost method.BFAR Company has the following transactions: Acquired 8,000 shares of its own outstanding shares at P20 per share on February 5, 2022. Sold 4,000 of these shares at P27 per share on August 9, 2022. . On November 1, 2022, sold 2,000 shares from its treasury for P18. ● The cost method is used to record treasury shares transactions. The par value of the shares is P15. Compute the cost of remaining treasury shares.
- On April 13, 2017, Yext Inc. completed its IPO on the NYSE. Yext sold 10,500,000 shares of stock at an offer price of $11 with an underwriting discount of $0.77 per share. Yext’s closing stock price on the first day of trading on the secondary market was $13.41, and 85,489,470 shares were outstanding. a. Calculate the total proceeds for Yext’s IPO. b. Calculate the percentage underwriter discount. c. Calculate the dollar amount of the underwriting fee for Yext’s IPO. d. Calculate the net proceeds for Yext’s IPO. e. Calculate Yext’s IPO underpricing. f. Calculate Yext’s market capitalization10. At December 31, 2015, the records of Kosme Corporation provided the following: (see attached image for the given. please asnwer it. thank you so much!!) Direction:a. Give the number of shares authorized ___ issued ___b. Give the number of shares outstanding ___c. Give the amount of Additional-Paid-In capital. ___d. Give the earnings per share. ___ Round your answer to two decimal places.e. Amount of dividends paid during 2015. ___f Amount of treasury shares reported in the stockholders' equity ___g. Amount of free retained earnings on December 31. ___Mimi Corporation started business in 2007 by issuing 200,000 shares of P20 par common stock for P36 each. In 2012, 30,000 of these shares were purchased for P52 per share by Mimi Corporation and held as treasury stock. On June 15, 2013, these 30,000 shares were exchanged for a piece of property that had an assessed value of P810,000. Mimi's stock is actively traded and had a market price of P60 on June 15, 2013. The cost method is used to account for treasury stock. The amount of paid-in capital from treasury stock transactions resulting from the above events would be: