Reference no: EM132460456
Facts
For the year ended December 31, YR01 Target Inc. had net income of $10,000. At this date Target had 1,000 common shares issued and outstanding (par value =$1 per share). The number of common shares issued and outstanding did not change during YR01. Also, Target Inc. has no outstanding convertible securities. Target Inc. issued its December 31, YR01 annual report to shareholders on February 1, YR02. On January 15, YR02 the Board of Directors declared a 10% stock dividend to be distributed on January 20, YR02. At the date of declaration, the market price of the common stock was $10 per share.
Question 1: Does the stock dividend declared and distributed in early YR02 affect the EPS disclosure that will appear in the December 31, YR01 annual report?
Problem 1. Provide a brief written description of the proper treatment for the January 15, YR02 stock dividend with respect to the December 31, YR01 EPS disclosure.
Problem 2. Compute the EPS disclosure that will appear in the December 31, YR01 annual report.
Problem 3. Identify the specific paragraph of the FASB Codification which addresses this issue and submit a printout of this paragraph with your solution.
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Description of the proper treatment for the january
: Provide a brief written description of the proper treatment for the January 15, YR02 stock dividend with respect to the December 31, YR01 EPS disclosure
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Determine the specific paragraph of the fasb codification
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What would be the maximum fine that the company would face
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Calculate the npv and irr for type of truck
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Identify the specific paragraph of the fasb codification
: Does the stock dividend declared and distributed in early YR02 affect the EPS disclosure that will appear in the December 31, YR01 annual report?
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Recoverable expenses and common area expenses
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Expected return for investment
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