1. Know the recording of capital leases and of operating leases

2. Compute the price of a bond issued with semi-annual interest payments:

3. Define what is the par value of common stock:

4. Compute the number of shares outstanding for a company:

5. Define what retained earnings represents for a company:

6. Record the issuance of common stock at a price in excess of par:

7. Describe the effects of a stock split on financial statements:

8. State reasons for a firm to acquire treasury stock:

9. Record the resale of treasury stock above/below its acquisition cost:

10. Record the effects of a stock dividend on financial statements:

Answer rating: 100% (QA)

1 Leasing equipment is a common alternative to purchase Of the two kinds of leases capital leases and operating leases each is used for different purposes and results in differing treatment on the acc... View the full answer