Intermediate accounting solution of c19Word文件下载.docx

1、 x 12 million shares granted = $30 million fair value of awardno entryRequirement 3 （$ in millions）Compensation expense （$30 million 3 years） 10 Paid-in capital restricted stock 10Requirement 4 Requirement 5 Requirement 6 Paid-in capital restricted stock 30 Common stock （12 million shares x $1 par）

2、12 Paid-in capital excess of par （remainder） 18Exercise 19-3Requirement 1$3,000,000 111,540 shares = $26.90Requirement 2 The $3,000,000 total compensation is expensed over the three-year vesting period, $1,000,000 each year. During the first year, the expense is the appropriate portion of $1,000,000

3、, depending on the date the shares were issued. For instance, if the shares were issued three months before the end of the year, the expense would be 3/12 x $1,000,000 = $250,000. The expense is the full $1,000,000 in the year following the year in which the stock was issued.Exercise 19-4 $22.50 fai

4、r value per share x 4 million shares granted = $90 million fair value of awardCompensation expense （$90 million 3 years） 30 Paid-in capital restricted stock 30 x 90% 100% 10% forfeiture rate = $81 million fair value of awardExercise 19-5 $3 fair value per option x 4 million options granted = $12 mil

5、lion total compensationCompensation expense （$12 million 2 years） 6 Paid-in capital stock options 6Exercise 19-6At January 1, 2011, the estimated value of the award is: $3 estimated fair value per option x 25 million options granted = $75 million total compensation （$ in millions）Compensation expens

6、e （$75 million 3 years） 25.0 Paid-in capital stock options 25.0Adams-Meneke should adjust the cumulative amount of compensation expense recorded to date in the year the estimate changes.2012Compensation expense （$75 x 94% x 2/3 $25） 22 Paid-in capital stock options 222013Compensation expense （$75 x

7、94% x 3/3 $25 $22） 23.5 Paid-in capital stock options 23.5Note that this approach is contrary to the usual way companies account for changes in estimates. For instance, assume a company acquires a 3-year depreciable asset having no estimated residual value. The $75 million depreciable cost would be

8、depreciated straight-line at $25 million over the three-year useful life. If the estimated residual value changes after one year to 6% of cost, the new estimated depreciable cost of $70.5 would be reduced by the $25 million depreciation recorded the first year, and the remaining $45.5 million would

9、be depreciated equally, $22.75 million per year, over the remaining two years.Exercise 19-7 $1 estimated fair value per option x 40 million options granted = $40 million fair value of awardCompensation expense （$40 million 2 years） 20 Paid-in capital stock options 20Cash （$8 exercise price x 30 mill

10、ion shares） 240Paid-in capital - stock options （3/4 account balance of $40 million） 30 Common stock （30 million shares at $1 par per share） 30 Paid-in capital excess of par （remainder） 240Note: The market price at exercise is irrelevant. Paid-in capital stock options （$40 -30 million） 10 Paid-in cap

11、ital expiration of stock options 10Exercise 19-8At January 1, 2011, the total compensation is measured as: $ 3 fair value per option x 12 million options granted= $36 million fair value of awardDecember 31, 2011, 2012, 2013Compensation expense （$36 million 3 years） 12 Paid-in capital stock options 1

12、2 Cash （$11 exercise price x 12 million shares） 132 Paid-in capital - stock options （$12 million x 3 years） 36 Common stock （12 million shares at $1 par per share） 12 Paid-in capital excess of par （to balance） 156Exercise 19-9Cash （$12 x 50,000 x 85%） 510,000Compensation expense （$12 x 50,000 x 15%）

13、 90,000 Common stock （$1 x 50,000） 50,000 Paid-in capital - in excess of par （$11 x 50,000） 550,000Exercise 19-10 （amounts in thousands, except per share amount） net Earnings income Per Share $655 $655 = = $.64 900 （1.05） + 60 （8/12） （1.05） + 72 （7/12） 1,029 shares new new at Jan. 1 shares shares _

14、stock dividend _ adjustmentExercise 19-111. EPS in 2011 （amounts in thousands, except per share amount） net Earnings income Per Share $400 $400 = $2.00 202 - 6 （10/12） + 6 （2/12） + 24 （1/12） 200 shares treasury treasury shares new at Jan. 1 shares sold shares2. EPS in 2012 = $.88 （202 - 6 + 6 + 24）

15、x （2.00） 452 shares stock dividend at Jan. 1 adjustment3. 2011 EPS in the 2012 comparative financial statements = $1.00 200 x （2.00） 400 weighted-average shares stock dividend as previously calculated adjustmentExercise 19-12 net preferred Earnings income dividends Per Share $2,000 $50 $1,950 = = $1

16、.95 800 （1.25） 1,000 shares stock dividend at Jan. 1 adjustment Exercise 19-13 net preferred Net Loss loss dividends Per Share $114 $761 $190 = = （$.50） 373 + 12 （7/12） 380 shares new at Jan. 1 shares19.5% x $800* = $76 *8,000 shares x $100 par = $800,000Exercise 19-14（amounts in millions, except pe

17、r share amount） net preferred Earnings income dividends Per Share $150 $271 $123 = = $.65 200 （1.05） 24 （10/12） （1.05） + 4 （3/12） 190 shares treasury new19% x $300 = $27Exercise 19-15Basic EPS net preferred income dividends $150 $27 $123 = = $.65 200 （1.05） 24 （10/12） （1.05） + 4 （3/12） 190 shares tr

18、easury new at Jan. 1 shares shares _ stock dividend _ adjustmentDiluted EPS net preferred $150 $27 $123 = = $.63 200 （1.05） 24 （10/12） （1.05） + 4 （3/12） + （30 24*） 196 shares treasury new assumed exercise at Jan. 1 shares shares of options *Purchase of treasury stock 30 million shares x $56 （exercis

19、e price） $1,680 million $70 （average market price） 24 million shares Exercise 19-16 $150 $27 $123 = = $.62 200 （1.05） 24 （10/12） （1.05） + 4 （3/12） + 30（4/12） 200 shares treasury new actual exercise = = $.60 200 （1.05） 24（10/12） （1.05） + 4（3/12） + （30 24*）（8/12） + 30（4/12） 204 shares treasury new assumed exercise actual exercise at Jan. 1 shares shares of options of options 24 million sharesExercise 19-17 $150 $27* $123 = = $.65 200 （1.05） 24 （10/12） （1.05） + 4 （3/12） 190 *9% x $100 x 3 million shares = $27 million preferred dividends net preferred after-t