MMM041 Business Finance Assignment 2012/13 |Module Convenor | Dr Jessica Yang | |Group Members |Zhengyu Lu 21001941 | | | |Chenyu Wu 21028178 | | | |
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on Torstar’s dividend policy‚ their repurchases and their strategy with regards to strategic acquisitions within their three business areas was composed. The memorandum included pros and cons as well as recommendations with regards to the issues to be discussed when the board gathered for their meeting. The dividend policy and the share repurchase strategy are the main issues since the institutional shareholders preferred Torstar’s historical share repurchases and historical dividend pay outs. Management
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Congress have the power to tax stock dividends received by the Macomber? (2) Are stock dividends considered income? Facts Mrs. Macomber owned 2‚200 shares of Standard Oil Company. In January 1916‚ Standard Oil Company declared a 50% stock dividend. Mrs. Macomber received an additional 1‚100 shares of stock with a $19‚877 par value. The shares represented a surplus for Standard Oil Company. The Revenue Act of 1916‚ allowed the IRS to treat stock dividends as income to the sum of its cash value
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Periodic net income or loss Dividend distribution Prior periodic errors Changes in accounting policy‚ and Other capital adjustments The illustrative statements of financial position and statement of changes in equity in IAS 1 and IAS 8 still maintain the title “retained earnings” 2 KINDS OF RETAINED EARNINGS Unappropriated Appropriated UNAPPROPRIATED RETAINED EARNINGS Represent that portion which is free and can be declared as dividends to shareholders APPROPRIATED RETAINED
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of the following statements about dividend policies is correct? Answer Selected Answer: The clientele effect suggests that companies should follow a stable dividend policy. Correct Answer: The clientele effect suggests that companies should follow a stable dividend policy. Question 2 2 out of 2 points If a firm adheres strictly to the residual dividend policy‚ the issuance of new common stock would suggest that Answer Selected Answer: no dividends were paid during the year. Correct
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common and preferred stock do not always apply to each individual company. Common stock is the most basic form of ownership interest. It represents an ownership interest in a corporation‚ including an interest in earnings‚ that realize declared dividends‚ as well as an interest in assets distributed upon dissolution. This type of
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Summary The objective of this paper is to examine the relationship between corporate governance on dividends payout in Canada to better understand "why companies pay dividends". In the light of agency theory‚ Adjaoud and Ben-Amar tested two competing hypothesis‚ which are outcome and substitution hypothesis. They chose Canada to examine the relationship between corporate governance and corporate dividend payments for two reasons; first‚ the comparability between Canada and USA from the perspective
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The essence of the bird-in-the-hand theory of dividend policy (advanced by John Litner in 1962 and Myron Gordon in 1963) is that shareholders are risk-averse and prefer to receive dividend payments rather than future capital gains. Shareholders consider dividend payments to be more certain that future capital gains – thus a “bird in the hand is worth more than two in the bush”. Gorden contended that the payment of current dividends “resolves investor uncertainty”. Investors have
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value of $240‚000; and land with an appraised value of $320‚000. Purchased 750 shares of common stock at $26 per share. (Use cost method.) Sold the 750 treasury shares at $27 per share. Declared a $0.10 per share cash dividend on the common stock and declared the preferred dividend. Closed the Income Summary account. There was a $96‚900 net income. Instructions (a) Record the journal entries for the transactions listed above. (b) Prepare the stockholders’ equity section of Alligator Corporation’s
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aAnna Lukasik Acc 422-8909 Q 8-31 1. Not required during this stage – 2. Substantive testing 2. Should focus on enhancing the auditor’s understanding of the auditors understanding of the client’s business and the transactions and events that have occurred since the last audit date. – 1 Planning 3. Should focus on identifying areas that may represent specific risks relevant to the audit. – 1. Planning 4. Do not result in detection of misstatements. – 4 Statement is not correct
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