Journal entries for changes in shareholders' equity. Exhibit 14.13 presents a portion of the statement of changes
Question:
Journal entries for changes in shareholders' equity. Exhibit 14.13 presents a portion of the statement of changes in shareholders' equity for Anheuser-Busch Companies for 2007. Prepare journal entries for each of the eight transactions listed in Exhibit 14.13. Record the effect of items affecting accumulated other comprehensive income using the amounts in Exhibit 14.13 (that is, as if they were pretaxamounts).
Anheuser-Busch Companies Excerpt from Statement of Changes in Shareholders' Equity (amounts in millions, except per share amounts) (Problem 37) EXHIBIT 14.13 2007 Common Stock, $1 Par Value $ 1,473.7 Balance, Beginning of Year (1) Shares Issued Under Stock Plans 8.8 Balance, End of Year... $ 1,482.5 Additional Paid-In Capital $ 2,962.5 Balance, Beginning of Year (1) Shares Issued Under Stock Plans 283.5 (2) Stock Compensation Related Balance, End of Year ... 136.1 3,382.1 Retained Earnings $ 16,741.0 Balance, Beginning of Year (3) Net Income .. 2,115.3 (4) Common Dividends (932.4) $ 17,923.9 Balance, End of Year. Treasury Stock, at Cost Balance, Beginning of Year $(16,007.7) (5) Treasury Stock Acquired (2) Stock Compensation Related (2,707.2) 0.2 Balance, End of Year ... $(18,714.7) Accumulated Other Comprehensive Income $ (1,230.8) (.3) (2.0) Balance, Beginning of Year (6) Net Change in Unrealized Gains and Losses on Marketable Securities (net of taxes) (7) Net Change in Cash Flow Hedges (net of taxes) .... Net Change in Foreign Currency Translation Adjustment (net of taxes) (8) Pension Liability Adjustment (net of taxes)... 105.2 205.2 Net Change in Accumulated Other Comprehensive Income . 308.1 Balance, End of Year ... $ (922.7) Comprehensive Income Net Income ... $ 2,115.3 Net Change in Accumulated Other Comprehensive Income Comprehensive Income 308.6 $ 2,423.9
Step by Step Answer:
AnheuserBusch Companies journal entries for changes in shareholders equityAmounts in Millions 1 Cash 2923 Common Stock 88 Additional Paidin Capital 28...View the full answer
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
Related Video
Treasury stock refers to shares of a company\'s own stock that the company has bought back from its shareholders and now holds as a form of asset on its balance sheet. When a company buys back its own stock, it reduces the number of outstanding shares in the market, which can potentially increase the value of the remaining shares. Treasury stock can be acquired through a variety of methods, such as open market purchases, negotiated transactions, or as a result of converting convertible securities. Companies may buy back their own shares for a number of reasons, including to return capital to shareholders, to signal confidence in the company\'s future, or to use the shares for employee stock option plans. While treasury stock does not pay dividends, it can be reissued by the company at a later time, which could dilute the value of the remaining shares. Companies are required to report their treasury stock holdings in their financial statements.
Students also viewed these Accounting questions
-
Exhibit 15.7 presents a portion of the statement of changes in shareholders equity for Sirens, Inc., for 2013. Prepare journal entries for each of the six listed transactions in Exhibit 15.7....
-
Exhibit 15.6 reproduces a portion of the statement of changes in shareholders equity for Microtel Corporation for 2013. When Microtel repurchases its common stock, it cancels the outstanding shares....
-
The following table presents a portion of the annual returns for Fidelity's Select Automotive Fund (in percent). This mutual fund invests primarily in companies engaged in the manufacturing, the...
-
There is a mathematical puzzle called "Four Fours." In it, you use four 4s to make other whole numbers. Examples: You can make 61 (4+4)+4+4-6 Four Fourths You can also make 9! You Try! What other...
-
What types of additional costs does a firm incur when accessing external capital?
-
Which of the following is not a trade or business expense? a. Interest on investment indebtedness. b. Property taxes on business equipment. c. Depreciation on business property. d. Cost of goods sold.
-
Data relative to three sampling plans are presented below: Required: Calculate sample size in each of the plans. Show computations. Materiality Size of population Desired reliability Estimated...
-
Determining sales and variable cost volume variances Required Use the information provided in Exercise 15-3. a. Determine the sales and variable cost volume variances. b. Classify the variances as...
-
You aim to buy a new car and you seek to finance this purchase through a loan. The car's price is 24,000. The car dealership is offering you a 1,000 discount (applied toward the purchase price) and a...
-
1. What types of analytics are applied in the injury analysis? 2. How do visualizations aid in understanding the data and delivering insights into the data? 3. What is a classification problem? 4....
-
Journal entries for changes in shareholders' equity. Exhibit 14.12 presents a portion of the statement of changes in shareholders' equity for Sirius Satellite Radio Inc. for 2007. Prepare journal...
-
Treasury shares and their effects on performance ratios. Exhibit 14.14 presents the changes in common shareholders' equity of Monk Corporation for 2006 through 2008. Monk regularly purchases shares...
-
A company is analyzing three project proposals. All the projects are mutually exclusive and the budget limit is $10,000,000. Each project's capital investment and annual operating expenses are shown...
-
The requirements in the Quran helped to develop an accounting system for the early Islamic State. Explain the main procedures that were developed and applied by government authorities and individual...
-
Write down what you think the following advertisement means: Eight out of ten owners said their cats prefer Whiskas.
-
How does differential reporting impact on the accounting for strategic investments?
-
One year after the date of acquisition, how is the amount of minority interest on the balance sheet measured?
-
What are the biases that influence the ways in which people view others behavior?
-
Why might it be a good idea to have impairment tests carried out by independent experts?
-
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
-
Assuming the same temperature and pressure for each gas, how many liters of nitrogen gas react with 50.0 L of hydrogen gas? 3 H(g) + N(g) 2 NH3(8)
-
Classification of Assets and Liabilities Indicate the appropriate classification of each of the following as a current asset (CA), noncurrent asset (NCA), current liability (CL), or long-term...
-
Selling Expenses and General and Administrative Expenses Operating expenses are subdivided between selling expenses and general and administrative expenses when a multiple-step income statement is...
-
Selling Expenses and General and Administrative Expenses Operating expenses are subdivided between selling expenses and general and administrative expenses when a multiple-step income statement is...
-
Matrix B is given as follows, -18 20 -61 B-12 14 -3 30 -30 13. a) Use the Gerschgorin's Circle Theorem to determine a region containing all the eigenvalues of B. b) Find the dominant eigenvalue (21)...
-
5.63. Acetone can be removed from acetone-air mixtures using simple counter- current cascades, by adsorption onto charcoal (Foust et al. 1980). We wish to find the required number of equilibrium...
-
Use characteristic polynomial to find the eigen value and eigen vector for A S
Study smarter with the SolutionInn App