Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following excerpt is from an article reported in the April 9, 2009, online issue of Reuters.Adobe Systems Incorporated (Nasdaq: ADBE)-April 9, 2009 announces its Board of Directors has approved a new stock repurchase program that authorizes the company to repurchase in aggregate up to 20 million shares of the company's common stock. The Board also authorized an additional $500 million in funds to repurchase shares under its existing stock repurchase program designed to offset dilution from stock issuances.The par amount per share for Adobe's common stock is $.0001. Paid-in capital-excess of par is $40.48 per share on average. The market price was $43 on April 9, 2009.
Required:
1. Suppose Adobe reacquires the 20 million shares through repurchase on the open market at $43 per share. Prepare the appropriate journal entry to record the purchase. Adobe considers the shares it buys back to be treasury stock.
2. Suppose Adobe considers the shares it buys back to be retired rather than treated as treasury stock. Prepare the appropriate journal entry to record the purchase.
3. What does the company mean by saying that the buyback will serve "to offset dilution from stock issuances"?
Is the CYO a not for profit or a government organization? Why? What changes in characteristics would be needed to change it from one type of entity to the other?
given the internet and the wide dispersal of information that exists today should auditors also be held liable for
Formulate the objective function and constraints to determine the optimal product mix.
during march the production department of a process manufacturing system completed a number of units of a product and
Interest is payable semi-annually
what would the net income be in the following scenario? i have tried for 4 hrs to get it correct and am at wits
1- using the data provided below you are to input formulas in the area designated below to calculate complete revenue
roniger products company operates three divisions each with its own manufacturing plant and marketingsales force. the
using the percentage of receivables method for recording bad debts expense estimated uncollectible accounts are 33000
Prepare general journal entries for each of the transactions, and post them to T-accounts.
How do processes with large volumes of transactions make fraudulent behavior easier?
given your resource schedule compute the early late and slack times for your project. which activities are now
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd