Briefly discuss how kelloggs financial statements

Assignment Help Accounting Basics
Reference no: EM131108062

1. Kellogg Company in its 2004 Annual Report in Note 1-Accounting Policies made the comment on page 853 about its accounting for employee stock options and other stock-based compensation. This was the annual report issued the year before the FASB mandated expensing stock options.

(a) Briefly discuss how Kellogg's financial statements will be affected by the adoption of the new standard.

(b) Some companies argued that the recognition provisions of the standard are not needed, because the computation of earnings per share takes into account dilutive securities such as stock options. Do you agree? Explain, using the Kellogg disclosure provided above. 

Reference no: EM131108062

Questions Cloud

Address the battle of gettysburg : Example: If you view a video on the Battle of Gettysburg, you must choose sources for your bibliography that address the Battle of Gettysburg, not the Civil War. Although they are broadly related, the connection must be more focused
Find the npv profiles for each project using discount rates : Cooper Electronics uses NPV profiles to visually evaluate competing projects. Key data for the two projects under consideration are given in the following table. Using these data, graph, on the same set of axes, the NPV profiles for each project usin..
Different than the examples given in the lecture slides : We know that one of the key requirements for a market remain monopoly is to keep high barriers for others to enter the market. We have also learned 5 ways that how does monopolist set high barriers (Lecture slides pages 8-14). Give one example of ind..
Is this characterization of human nature accurate : Is this characterization of human nature accurate? Why or why not? If not, what is an alternative explanation?
Briefly discuss how kelloggs financial statements : Some companies argued that the recognition provisions of the standard are not needed, because the computation of earnings per share takes into account dilutive securities such as stock options. Do you agree?
What is an alternative explanation : what is an alternative explanation
Explain the economic forces affecting the outcome : The baseball season has begun and it is rumored that the city of San Francisco is discussing placing a $2 tax on each ticket sold at AT&T Park. Estimate the incidence of the tax and explain the economic forces affecting the outcome.
Difference between collusive-competitive oligopoly models : Please explain the difference between the collusive and competitive oligopoly models and explain the role that the number of firms and barriers to entry play in determining how real-world oligopolistic industries behave.
New product line would generate incremental sales : Iron Ore What? (IOW) Casting Company is considering adding a new line to its product mix. Sydney Johnson, a recently minted MBA, will be conducting the capital budgeting analysis.

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  Journalize the entries to record the payroll

Journalize the entries to record (a) the payroll and (b) the employer's payroll tax expense for the month.  The state unemployment tax rate is 3.1%, and the federal unemployment tax rate is 0.8%.  Only $25,000 of salaries are subject to unemployme..

  Calculate cindys deduction for home office expenses b

cindy operates a computerized engineering drawing business from her home. cindy maintains a home office and properly

  Viking uses process costing all manufacturing costs

viking beer is a microbrewery that produces one type of beer. the production level is 18000 gallons per month which is

  Calculate the taxable income for tom and terry

Calculate the taxable income for Tom and Terry.

  Using headings of assets liabilities owners equity

using headings of assets liabilities owners equity netincome show the affect if any from the transactions

  Why vial-tek may desire to have an audit

Vial-tek has an existing loan in the amount of 3.5 million with an annual interest rate of 9.5%. The company provides an internal company prepared financial statement to the bank under the loan agreement.

  Redemption of a bond at maturity

On March 31, 2014, Sammonds Inc. issued $250,000 face value bonds at a discount of $7,000. The bonds were retired at their maturity date, March 31, 2024.

  Time and material pricing method

Discuss the time and material pricing method.

  Determine profitability of customer class using activity

Carbon Company has two classes of customers designated as C Classand D Class. Determine the profitability of each customer class using the activity information.

  Determine how much of the ending inventory consists of

ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia.

  Determine the percentage of assets

Determine the percentage of assets that were provided by retained earnings. How much cash is in the retained earnings account?

  Island novelties inc of palau makes two products hawaiian

island novelties inc. of palau makes two products hawaiian fantasy and tahitian joy. present revenue cost and sales

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd