Quiz – Lance Chips Restricted Stock Compensation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine the total compensation cost using restricted stock units for Lance Chips.
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Determine the total compensation cost using restricted stock units for Lance Chips.
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Determine the correct journal entry to record the issue of stock for Olsson Corporation after it receives a check from its underwriters.
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Given shares of common stock authorized and shares issued, calculate the company’s paid-in capital at the end of the year.
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Given that the firm had multiple issues of common stock, repurchased some treasury shares, earned net income, and paid dividends, determine the total value of shareholders’ equity.
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Determine the amount the company should report as a noncurrent item related to deferred income taxes in its balance sheet.
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Given cash dividends payable, treasury stock, paid-in-capital, common stock and finally retained earnings, determine the value of shareholder’s equity at year-end.
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Asks for the insurance expense that would appear on the income statement.