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icang [17]
3 years ago
10

Matching Definitions with Information Releases Made by Public Companies Following are the titles of various information releases

. Match each definition with the related release by entering the appropriate letter in the space provided.
Definitions Information Release
Report of special events (e.g., auditor changes, mergers) (1) Form 10-Q
filed by public companies with the SEC.
Brief unaudited report for quarter normally containing (2) Quarterly report
summary income statement and balance sheet.
Quarterly report filed by public companies with the SEC (3) Press release
that contains additional unaudited financial information.
Written public news announcement that is normally (4) Annual report
distributed to major news services.
Annual report filed by public companies with the SEC (5) Form 10-K
that contains additional detailed financial information.
Report containing the four basic financial statements for (6) Form 8-K
the year, related notes, and often statements by
management and auditors.
Business
1 answer:
koban [17]3 years ago
4 0

Answer:

1. Form 10-Q ⇒ <u>Quarterly report filed by public companies with the SEC that contains additional unaudited financial information. </u>

2. Quarterly report. ⇒ <u>Brief unaudited report for quarter normally containing! summary income statement and balance sheet.</u>

3. Press release  ⇒ <u>Written public news announcement that is normally distributed to major news services. </u>

4. Annual report  ⇒ <u>Report containing the four basic financial statements to the year, related notes, and often statements by management and auditors.</u>

<u></u>

5. Form 10-K ⇒ <u>Annual report filed by public companies with the SEC that contains additional detailed financial information.</u>

6. Form 8-K ⇒<u> Report of special events (e.g., auditor changes, mergers) filed by public companies with the SEC.</u>

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During 2019, Rachael Parkins, president of Mathieson Company, was paid a semimonthly salary of $8,000. Compute the amount of FIC
Elena L [17]

Answer:

9th payment:

OASDI:  496 dollars

HI:           116 dollars

17th payment:

OASDI:  303.80 dollars

HI:           116.00 dollars

24th payment

HI:           116.00 dollars

Additional 0.9%: 178 dollars

Explanation:

FICA taxes:

OASDI 132,900 celling

HI: 1.45% celling 200,000 for single

up to this point the tax increase by 0.90%

8,000 x  9th payment:    72,000 below celling

OASDI: 8,000 x 6.20% = 496

HI:         8,000 x 1.45%  =  116

8,000 x 17th payment:   136,000 Is above celling for OASDI

we just pay for the difference

previous earnings: 136,000 - 8,000 = 128,000

celling: 132,900

132,900 - 128,000 = <em>4,900</em>

<em />

OASDI: 4,900 x 6.20% = 303,8

HI:         8,000 x 1.45% =  116

8,000 x 24th payment:  192,000 above celling for OASDI

OASDI: zero

HI: 8,000 x 1.45% =  116

Year end bonus: 100,000 accumulated 292,000 above HI celling

the diffrence will pay additional 0.9%

292,000 - 250,000 = 42,000

additional 0.9% = 42,000 x 0.9% = 378

<u>year-end bonus:</u> Bonuses are taxable compensation subject to income tax withholding and FICA. They’re treated as supplemental wages.

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Beagle Corporation has 26,000 shares of $10 par common stock outstanding and 16,000 shares of $100 par, 5.50% cumulative, nonpar
lilavasa [31]

Answer:

$16.5 per share; $6 per share

Explanation:

Calculation to determine the dividends per share payable to preferred and common, respectively

DIVIDENDS PER SHARE PAYABLE TO PREFERRED

First step

Total dividend paid to Preferred Stockholders

= Outstanding preferred stock × Par value of preferred stock × 5.50% × Number of years

Total dividend paid to Preferred Stockholders= 16000 × 100 × 5.50% × 3

Total dividend paid to Preferred Stockholders= $264,000

Second step

Total dividend per share paid to Preferred Stockholders= Total dividend paid to preferred ÷ No. of outstanding shares

Total dividend per share paid to Preferred Stockholders= $264,000 ÷ 16,000 shares

Total dividend per share paid to Preferred Stockholders= $16.5 per share

DIVIDENDS PER SHARE PAYABLE TO COMMON STOCKHOLDERS

First step

Total dividend paid to Preferred Stockholders

= Outstanding preferred stock × Par value of preferred stock × 5.50% × Number of years

Total dividend paid to Preferred Stockholders= 16000 × 100 × 5.50% × 3

Total dividend paid to Preferred Stockholders= $264,000

Second step

Total dividend per share paid to common Stockholders= (Dividend paid in the current year - Total dividend paid to preferred) ÷ Common stock outstanding shares

Total dividend per share paid to common Stockholders= ($420,000 - $264,000) ÷ 26,000

Total dividend per share paid to common Stockholders= $156,000 ÷ 26,000 shares

Total dividend per share paid to common Stockholders= 6 per share

Therefore the dividends per share payable to preferred and common, respectively is:

$16.5 per share; $6 per share

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