Reference no: EM13922058
The shareholders' equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2012:
|
Shareholders' Equity
|
($ in millions)
|
|
Common stock, 290 million shares at $1 par
|
$
|
290
|
|
|
Paid-in capital-excess of par
|
|
2,030
|
|
|
Paid-in capital-share repurchase
|
|
1
|
|
|
Retained earnings
|
|
1,900
|
|
| |
Required:
1. During 2013, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as treasury stock.(If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
2. On February 5, 2013, TNL Systems purchased 9 million shares at $10 per share.
3. On July 9, 2013, the corporation sold 3 million shares at $12 per share.
4. On November 14, 2015, the corporation sold 3 million shares at $7 per share.
5. Prepare the shareholders' equity section of TNL Systems' balance sheet at December 31, 2015, comparing the two approaches. Assume all net income earned in 2013-2015 was distributed to shareholders as cash dividends. (All lines in the table should be filled. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
|
How much is coefficient of variation for the new portfolio
: An investor holds a porfolio of stocks and is consider in investing in the DBB Company. The firm's prospects look neutral and you estimate the following probability distribution of possible returns. How much is the coefficient of variation for the ne..
|
|
Write a memo discussing the advantages
: Write a memo discussing the advantages to a business of arranging a line of credit.
|
|
Research a computer organization
: You are to research a computer organization/computer architecture topic and present your findings in a research paper. You should read various reference materials to gather information, which then should be presented in a logically organized and c..
|
|
What should market price be if the coupon were paid annually
: Dewey Cheetham & Howe accounting firm is considering the purchase of a $1000 New Haven Municipal Bond. The stated coupon rate is 5% paid quarterly. The bond will mature in 22 years. The YTM for similar bonds is 4%. What should the market price of the..
|
|
Prepare the entries for both the purchase and subsequent
: During 2013, TNL Systems reacquired shares of its common stock and later sold shares in two separate transactions. Prepare the entries for both the purchase and subsequent resale of the shares assuming the shares are (a) retired and (b) viewed as tre..
|
|
How much would a risk-neutral person be willing to pay
: What is the expected value and standard deviation of the investment? How much would a risk-neutral person be willing to pay for the investment? How much would a risk-averse person be willing to pay for the investment?
|
|
Graphical representation showing trend and fitted model
: Use the Decomposition facility under stat menu to obtain seasonal variations, trend and deseasonalised using an additive model - Produce and comment the graphical representation showing trend and fitted model.
|
|
Perform sensitivity analysis on project
: Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years ago, the company originally repaired radios and other..
|
|
Unix operating system
: The UNIX operating system (and its variants, of which Linux is one) includes quite a few useful utility programs. One of those is wc, which is short for Word Count. The purpose of wc is to give users an easy way to determine the size of a text fil..
|