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How does Amazon’s stock buyback impact its earnings per share and balance sheet?

In March 2022, Amazon’s board of directors authorized it to buy back up to $10 billion of its stock. The stock buyback will take place over a multi-year period. Amazon may not buy back the full $10 billion of its stock; the board’s authorization is simply the maximum amount of stock that can be repurchased. […]

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How does Nordstrom’s dividend announcement impact its balance sheet?

Nordstrom, Inc., is a luxury department store chain headquartered in Seattle, Washington. It was founded in 1901 as a shoe store. It would begin selling clothes more than sixty years later in 1967. Its stock ticker symbol, JWN, represents the initials of Nordstrom’s founder, John W. Nordstrom. Nordstrom had a history of declaring dividends regularly […]

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How does Amazon’s 20-for-1 stock split impact its stockholders’ equity?

Amazon announced a 20-for-1 stock split in March 2022. This stock split was its first stock split in over twenty years. On the day that Amazon announced its stock split, one share of its stock was selling for $2,785.58. The stock split will occur at the close of business on June 3, 2022. The stock […]

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How does Apple’s dividend declaration affect its liabilities?

Apple Inc. (NASDAQ:APPL) recently had a dividend announcement. The announcement read: Apple Inc (NASDAQ:AAPL) on 10/28/2021 declared a dividend of $0.2200 per share payable on November 11, 2021 to shareholders of record as of November 08, 2021. Questions On which date will Apple record a liability for the dividend? On which date will Apple pay […]

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What impact does Target’s dividend announcement have on its balance sheet?

Target Corporation (NYSE:TGT) recently made a dividend announcement. The announcement read: MINNEAPOLIS, Sept. 23, 2021 /PRNewswire/ — The board of directors of Target Corporation (NYSE:TGT) has declared a quarterly dividend of 90 cents per common share. The dividend is payable December 10, 2021 to shareholders of record at the close of business November 17, 2021. The 4th quarter dividend will be the company’s 217th […]

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How will the issuance of common stock affect Casper’s current and debt ratios?

Casper Sleep Inc. (NYSE: CSPR) is a mattress company launched in 2014 that has a unique direct-to-consumer business model. It sells its mattresses online and retail showrooms. Its mattresses are made from a variety of foams and have been popular with consumers. In November 2021, Casper announced that it is seeking to raise $50 million […]

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How does Kellogg’s dividend announcement impact its financial statements?

On October 23, 2020, the Kellogg Company (brands include Kellogg’s, Pringles, Eggo, Cheez-It, and many others) made the following dividend announcement: Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of the Company, payable on December 15, 2020, to shareowners of record […]

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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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