Analyzing and Interpreting Pension Disclosures General Mills, Inc. reports the following pension footnote in its 10-K report. Defined Benefit Pension Plan ($ millions) 2013 2012 Change in Plan Assets   Read more…

Analyzing, Interpreting and Capitalizing Operating Leases Assume the Abercrombie & Fitch 10-K report contains the following footnote relating to its leasing activities. This is the only information it discloses relating Read more…

Constructing the Consolidated Balance Sheet at Acquisition On January 1 of the current year, Healy Company purchased all of the common shares of Miller Company for $500,000 cash. Balance sheets Read more…

Analyzing and Interpreting Disclosures on Equity Method Investments Assume Caterpillar, Inc. (CAT) reports investments in affiliated companies, consisting mainly of its 50% ownership of Shin Caterpillar Mitsubishi, Ltd. Caterpillar reports Read more…

Assessing Financial Statement Effects of Equity Method Securities Use the financial statement effects template to record the following transactions involving investments in marketable securities accounted for using the equity method. a. Read more…

Interpreting Footnotes on Security Investments Cisco Systems Inc. reports the following information derived from its 2016 10-K report. (Note: Cisco’s 2016 disclosures are consistent with the former accounting rules for Read more…

Marketable Debt Securities Use the financial statement effects template to record the accounts and amounts for the following four transactions involving investments in marketable debt securities classified as available-for-sale securities. Read more…

Assessing Financial Statement Effects of Trading and Available-for-Sale Securities Use the financial statement effects template to record the following four transactions involving investments in marketable securities. Assume that all these Read more…

Determining Credit Rating The chart below shows financial ratios for three companies. Use the data, along with Exhibit 7.6 to determine a bond rating for each of the three companies Read more…

(d) Dell’s $300 million 5.4% notes traded at 69.5 or 69.5% of par, as of November 2013. What is the market value of these notes on that date? (Round your answer to one Read more…

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