FNB Bancorp recently declared a stock dividend, according to a recent news release[1]: FNB Bancorp (OTCQB: FNBG), the holding company for First National Bank of Northern California, announced that its Board of Directors has declared a stock dividend of approximately 210,709 shares, payable at the rate of one share of Common Stock for every twenty (20) shares of […]
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What are the dates associated with Molson Coors Brewing Company’s dividend announcement?
December 3, 2015 
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On November 12, 2015, Molson Coors Brewing Company (TAP) released a dividend announcement. An excerpt from that news release is as follows: DENVER & MONTREAL–(BUSINESS WIRE)–Nov. 12, 2015–Molson Coors Brewing Company (NYSE: TAP) today declared a regular quarterly dividend on its … common shares of US $0.41 per share, payable December 15, 2015, to shareholders of record on November 30, 2015. Questions […]
Continue readingWhat contributed to the increase in Caterpillar’s earnings per share in 2014?
October 1, 2015 0 Comments
Note: This article is a special guest post written by Dr. John Dexter, Jr., CPA, CGMA, Associate Professor, Edinboro University, jdexter@edinboro.edu. Thanks, John, for the contribution! In its Form 10-K for the year ended December 31, 2014, Caterpillar Inc. (CAT) reported diluted earnings per share (EPS) of $5.88, an increase of $0.13 from the prior […]
Continue readingWhat does Kohl’s 2015 Form 10-K communicate about its stockholders’ equity?
April 14, 2015 2 Comments
Kohl’s Corporation (KSS) operates department stores in 49 states in the U.S. and has annual sales in excess of $18 billion. Its fiscal year ends on the Saturday closest to January 31 each year. Kohl’s has several line items comprising its stockholders’ equity. See the excerpts to follow from Kohl’s 2015 Form 10-K: its Consolidated […]
Continue readingWhat is the accounting impact of Dunkin’ Donuts’ dividend declaration?
March 31, 2015 0 Comments
Dunkin’ Brands (NASDAQ: DNKN) declared a dividend of $0.265 on February 5, 2015, to be paid on March 18, 2015, to shareholders of record as of the close of business on March 9, 2015. This dividend is a 15% increase over the prior quarter’s dividend. Questions On which date will Dunkin’ Brands record a liability […]
Continue readingHow does the new equity issued by Sonos, the wireless internet-enabled speaker maker, affect its financial statements?
March 10, 2015 0 Comments
Sonos is a maker of wireless internet-enabled speaker systems. It was founded in California in 2002 and has experienced rapidly growing sales. Its CEO, John MacFarlane, indicated that Sonos would exceed $1 billion in sales in 2014. In December 2014, the privately-held Sonos issued an additional $130 million in new equity. It will be using […]
Continue readingHow will Samsung’s stock buyback impact its assets, liabilities, and equity?
February 3, 2015 0 Comments
In late 2014, Samsung Electronics, the smartphone maker, announced that it would be buying back $2 billion of its own shares. Specifically, it expects to buy back 1.65 million common shares and 250,000 preferred shares. Samsung is also expected to increase its dividend in 2015. Questions What is the impact on Samsung’s balance sheet (assets, […]
Continue readingHow does a convertible bond issued by Fiat Chrysler Automobile affect the company’s balance sheet?
January 23, 2015 0 Comments
Fiat Chrysler Automobiles (FCA) launched a $2.5 billion convertible bond issue in December 2014. FCA will be using the funds generated from the bond issue to help to turn its Jeep, Maserati, and Alfa Romeo brands into global brands, competing directly against Volkswagen and BMW in the premium car market. The bond issue will mature […]
Continue readingWhat happens to the balance sheet of Trump Taj Mahal if billionaire investor exchanges debt for equity?
December 22, 2014 0 Comments
An Atlantic City casino, the Trump Taj Mahal, has been struggling financially in recent years like many other casinos in the city. In 2014, four of Atlantic City’s casinos closed their doors, including the Revel, Showboat, Trump Plaza, and the Atlantic Club. Billionaire investor Carl Icahn holds $286 million of the Trump Taj Mahal’s debt. […]
Continue readingHow did Apple’s 7-for-1 stock split affect its total stockholders’ equity?
November 20, 2014 0 Comments
In June 2014, Apple, Inc. (AAPL) did a 7-for-1 stock split, meaning that an investor who previously held one share of Apple stock would have seven shares on the date of the split. Before the split, Apple had 861 million shares of stock valued at roughly $650 each. After the split, Apple had approximately 6 […]
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