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Read the following scenario:
Bobby’s Bagels, a publicly traded corporation whose common stock is listed on a stock exchange, just landed a contract to open 100 new stores in shopping malls across the country. The new business should triple the company’s profits. Before disclosing the new contract to the public, top managers of the company quietly bought most of Bobby’s Bagels stock for themselves. After the contract was announced, Bobby’s Bagels stock price shot up from $7 to $52.
Navigate to the threaded discussion below and respond to the following:
Where are the stock purchase transactions recorded and reported? Be careful to understand the differences between stock issuances and secondary market transactions.
How do you think the managers’ purchase of the stock impacted the company’s stock price?
What are the potential ethical implications of the transactions described in the scenario?
Discuss the impact of these transactions on the financial statements of the company and on the non-manager shareholders.
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1.in november 2012 us based information technology hewlett packard recorded a write-down of around 8.8 billion related
Assume that the goods are not damaged and can be resold at their normal selling price. Also assume that the selling company uses a perpetual inventory system.
Continental Corporation has $1,000,000 in common stock and $1,000,000 in 7 percent 10-year bonds in its capital structure. How much does Continental save in taxes in current dollars over the 10 years the bonds are outstanding by having these bonds in..
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Zambrano Wholesale Corporation maintains its records on a cash basis.- Prepare an accrual basis income statement for 2013 (ignore income taxes).
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