ACCT 607 Name_____________________ Applied Case Assignment #7 (Chapters 10 and 11) Answer the following questions (Part I and Part II) based on the provided excerpts from a selection of greater Washington area public companies recent 10-Ks. (You will not need to supplement with outside sources of company data in order to answer the questions.) Part I: Booz Allen Hamilton Holding Corporation (NYSE: BAH; McLean, VA) Founded in 1914, Booz Allen Hamilton describes itself as a leading provider of management consulting, technology, and engineering services to the U.S. government in the defense, intelligence, and civil markets. Booz Allen Hamilton Holding serves as the top-level holding company for the consolidated Booz Allen Hamilton U.S. government consulting business. Answer the following questions based on the Companys Consolidated Balance Sheets for March 31, 2015 and 2014 (hereafter, FY15 and FY14), which are excerpted and presented on the next page:

1. During FY15, the decreases in Class B, Class C, and Class E shares are because those shares were converted to Class A shares. Assume that the remaining increase in Class A share is due to new share issuances for cash. What journal entry would the Company have recorded for the issuance of those new shares?

2. There were no sales of Treasury Stock during FY15. What was the average share price at which the Company repurchased additional Treasury Stock shares during FY15?

3. There were no usual transactions affecting the Companys Retained Earnings during FY15. If Net Income for FY2015 was $232,569 thousand, what was the value of dividends declared during the year?

Part II: Under Armour, Inc. (NYSE: UA; Baltimore, MD)

4. Incorporated in Maryland in 1996, Under Armour, Inc. describes itself as developing, marketing and distributing branded performance apparel, footwear and accessories for men, women and youth. On June 15, 2015, Under Armour announced the creation of a new class of non-voting common stock, the Class C common stock. The press release stated that: Under Armour expects to issue Class C stock through a stock dividend to all existing holders of Under Armour's Class A and Class B common stock, which will have the same effect as a two-for-one stock split. Each holder of a share of Class A or Class B stock will receive one share of the new Class C stock. Do you agree or disagree that the effect of the Class C stock dividend will be the same as a two-forone stock split? As an example, assume the transaction would have occurred on January 1, 2015. On the basis of the information on Under Armours Consolidated Balance Sheet for December 31, 2014 (excerpted and presented on the next page of this assignment), what journal entry would be required to record (a) a two-for-one stock split, and (b) the Class C stock dividend?

(a) Two-for-one stock split:

(b) Class C stock dividend: Do you agree or disagree that the effect of the Class C stock dividend will be the same as a two-for-one stock split?