Chapter 14 Case Studies

Case 1:  A corporation president suggests to the accounting department that the statement of stockholder's equity be dropped from the end-of-fiscal period work.  the president's reason is that the same information is reported on the corporation's balance sheet. The accounting department wants to continue using the statement.  Which would you recommend?  Why?

 

Case 2:  Kevin Edwards ahs $20,000.00 in savings account which is earning 6% interest.  He is thinking of investing the money in stock that has a stated value and a current market price of $100.00 per share.  for the past three years the stock dividends have amounted to $9.00 per share per year.  Mr. Edwards asks your advice.  What would you recommend?  Explain you answer.

 

e-mail to scott.muckey@k12.sd.us

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