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How does The J.M. Smucker Company’s dividend announcement impact the company’s financial statements?

On October 25, 2019, The J.M. Smucker Company made the following dividend announcement: The J. M. Smucker Company (NYSE: SJM) today announced that its Board of Directors has approved a $0.88 per share dividend on the common shares of the Company. The dividend will be paid on Monday, December 2, 2019, to shareholders of record […]

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How will Levi Strauss & Co’s initial public offering affect the company?

Levi Strauss & Co., the long-time maker of blue jeans, is planning its initial public offering (IPO) in early 2019. The company is hoping to raise between $500 – $800 million from its IPO. Levi Strass has been privately-held since 1996 after Levi Strauss’ descendants bought out the company. Levi Strauss, the founder, started the […]

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Accounting Case Template tool available to build an introductory financial accounting case assignment

Again, as we start a new semester, I wanted to point out the availability of a tool that may be of use in teaching introductory financial accounting. The Accounting Case Template (ACT) is a web tool I designed that allows instructors to quickly build an introductory financial accounting case assignment. A variety of options are provided from […]

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How did the reverse stock split of Movie Pass’s parent company affect its total stockholders’ equity?

Helios and Matheson, Inc. (NASDAQ: HMNY)  is the parent company of MoviePass, the theater subscription service. MoviePass has struggled to find a sustainable, profitable business model. Its original $10 per month subscription plan allowed subscribers to see one movie per day. MoviePass had to pay most theaters the full price of the ticket each time […]

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Create Customized Financial Accounting Case Assignments with the Accounting Case Template

Again, as we start the fall semester, I wanted to point out the availability of a tool that may be of use in teaching introductory financial accounting. The Accounting Case Template (ACT) is a web tool I designed that allows instructors to quickly build an introductory financial accounting case assignment. A variety of options are provided from […]

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How will Dropbox’s upcoming initial public offering of its stock impact its balance sheet?

Dropbox, Inc. has filed an SEC report, indicating that it plans to raise $500 million through its Initial Public Offering (IPO) sometime in 2018. It will be issuing common stock.  Dropbox was started in 2007 and is designed to allow people to have their files anywhere they are. There are over 500 million registered Dropbox […]

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Create Customized Financial Accounting Case Assignments with the Accounting Case Template

The Accounting Case Template (ACT) is a web tool I designed that allows instructors to quickly build an introductory financial accounting case assignment. A variety of options are provided from which the instructor can choose, allowing the instructor to quickly build a case assignment customized for his/her specific course. It takes about two minutes to […]

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How are Roku’s financial statements impacted by its initial public offering (IPO)?

On September 28, 2017, Roku Inc. (NASDAQ: ROKU) concluded its initial public offering (IPO) of 15,900,000 shares of its Class A common stock and realized net proceeds of approximately $219,420,000. The par value per Class A common stock share is $0.0001.  Assume that the market price on the issue date was $13.80 per share. Ignore […]

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When comparing 2017 to 2008, how can Target Corporation’s EPS rise, yet its net earnings decrease?

Target Corporation (NYSE: TGT) has been repurchasing its common stock over the past several years. Target’s fiscal year ends on the Saturday nearest to January 31. Use the information from Target’s 2017 and 2008 fiscal years (a ten-year gap) in this table to answer the questions that follow. Target Corporation Comparing 2017 EPS to 2008 […]

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How is the balance sheet of Rovio, the maker of Angry Birds, impacted by its Initial Public Offering?

Rovio Entertainment Corporation, the maker of the Angry Birds mobile games, recently made its Initial Public Offering (IPO) on the Helsinki NASDAQ stock exchange. Rovio stock is not available through U.S. stock exchanges. Rovio’s headquarters is in Finland. It also has offices in the United States, Sweden, China, and the United Kingdom. Rovio’s IPO in […]

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