- 15.1: In the absence of restrictive provisions, what are the basic rights...
- 15.2: Why is a preemptive right important?
- 15.3: Distinguish between common and preferred stock.
- 15.4: Why is the distinction between paid-in capital and retained earning...
- 15.5: Explain each of the following terms: authorized capital stock, unis...
- 15.6: What is meant by par value, and what is its significance to stockho...
- 15.7: Describe the accounting for the issuance for cash of nopar value co...
- 15.8: Explain the difference between the proportional method and the incr...
- 15.9: What are the different bases for stock valuation when assets other ...
- 15.10: Explain how underwriting costs and accounting and legal fees associ...
- 15.11: For what reasons might a corporation purchase its own stock?
- 15.12: Discuss the propriety of showing: (a) Treasury stock as an asset. (...
- 15.13: What features or rights may alter the character of preferred stock?
- 15.14: Dagwood Inc. recently noted that its 4% preferred stock and 4% part...
- 15.15: Where in the financial statements is preferred stock normally repor...
- 15.16: List possible sources of additional paid-in capital.
- 15.17: Satchel Inc. purchases 10,000 shares of its own previously issued $...
- 15.18: Indicate how each of the following accounts should be classified in...
- 15.19: What factors influence the dividend policy of a company?
- 15.20: What are the principal considerations of a board of directors in ma...
- 15.21: Dividends are sometimes said to have been paid out of retained earn...
- 15.22: Distinguish among: cash dividends, property dividends, liquidating ...
- 15.23: Describe the accounting entry for a stock dividend, if any. Describ...
- 15.24: Stock splits and stock dividends may be used by a corporation to ch...
- 15.25: The following comment appeared in the notes of Colorado Corporation...
- 15.26: This comment appeared in the annual report of MacCloud Inc.: The Co...
- 15.27: For what reasons might a company restrict a portion of its retained...
- 15.28: How are restrictions of retained earnings reported?
- 15.29: McNabb Corp. had $100,000 of 7%, $20 par value preferred stock and ...
Solutions for Chapter 15: Intermediate Accounting 15th Edition
Full solutions for Intermediate Accounting | 15th Edition
a person who is performing an act for another person, called the principal
average tax rate
total taxes paid divided by total income
an excess of government spending over government receipts
goods that are excludable but not rival in consumption
consumer price index (CPI)
a measure of the overall cost of the goods and services bought by a typical consumer
diseconomies of scal
the property whereby long-run average total cost rises as the quantity of output increases
the property of distributing economic prosperity uniformly among the members of society
the quantity supplied and the quantity demanded at the equilibrium price
a good for which an increase in the price raises the quantity demanded
gross domestic product (GDP)
the market value of all final goods and services produced within a country in a given period of time
input costs that do not require an outlay of money by the firm
the increase in total cost that arises from an extra unit of production
a group of buyers and sellers of a particular good or service
model of aggregate demand and aggregate supply
the model that most economists use to explain shortrun fluctuations in economic activity around its long-run trend
the quantity of money available in the economy
the equation M × V = P × Y, which relates the quantity of money, the velocity of money, and the dollar value of the economy’s output of goods and services
a claim to partial ownership in a firm
a cost that has already been committed and cannot be recovered
an excess of imports over exports
a measure of happiness or satisfaction