Volkswagen manufactures the iconic Beetle in addition to other models including the Passat, the Jetta, and others. Volkswagen Group (VW) has been embroiled in an emissions cheating scandal discovered in 2015. Essentially, what happened is that VW’s engineers developed and inserted software in VW car engines to cheat on the emissions testing process, making its […]
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Tag Archives: financial accounting
When would L.L. Bean recognize sales revenue from the sale of its backordered Bean boots?
January 4, 2016 
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L.L. Bean operates two factories that produce its popular Bean boots (also known as “duck boots”) in its home state of Maine. Since L.L. Bean prides itself on manufacturing its boots in Maine and not outsourcing, backorders for its boots can be high. In 2014, L.L. Bean sold about 450,000 pairs of the boots. At […]
Continue readingWhat happens from an accounting standpoint when FNB Bancorp issues a stock dividend?
December 10, 2015 0 Comments
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 […]
Continue readingWhat are the dates associated with Molson Coors Brewing Company’s dividend announcement?
December 3, 2015 0 Comments
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 readingAre the articles of secondhand clothing offered for sale on thredUP’s online store included in inventory on thredUP’s balance sheet?
November 23, 2015 0 Comments
ThredUP is a startup online consignment and thrift store. Consumers can buy like-new, carefully vetted brand-name clothing from thredUP’s online store at discounts of up to 80% off of the original retail prices. Consumers can also send in their unwanted clothing articles for thredUP to resell. ThredUP’s professional buyers go through the articles of clothing […]
Continue readingHow can a common-size income statement help analysis of Pandora’s results of operations in 2015 compared to 2014?
November 12, 2015 0 Comments
Pandora Internet Radio by Pandora Media (P) is a streaming music service. Its free advertising-supported radio service was first launched in 2005. Pandora users streamed 20.03 billion hours of internet radio during 2014. In December 2014, there were 81.5 million active users of Pandora, making it the largest streaming music service currently. Pandora has a […]
Continue readingWhat types of Property, Plant and Equipment does Domino’s have on its balance sheet?
November 5, 2015 0 Comments
Domino’s (DPZ) recently made the news when it launched its pizza delivery vehicle, the Domino’s DXP™ (Delivery Expert). The DXP™ is a modified Chevy Spark electric automobile. At the October 2015 launch, there were 97 DXP™ in Domino’s nationwide fleet, with more to come. Domino’s has several categories of Property, Plant and Equipment (PP&E) on […]
Continue readingWill Domino’s capitalize or expense the costs associated with its new pizza delivery vehicle, the DXP™?
October 29, 2015 0 Comments
Domino’s (DPZ) recently made the news when it launched its pizza delivery vehicle, the Domino’s DXP™ (Delivery Expert). This delivery car has seating for just one person; the rest of the car is equipped for pizza delivery. It is equipped with a warming oven and can hold up to 80 pizzas. It has several storage […]
Continue readingWhat does Ford’s 2015 Form 10-K communicate about its cash flows?
October 8, 2015 4 Comments
Ford Motor Company (F) is an American-based, multinational car and truck manufacturer. Ford Motor Company was launched in 1903 with $28,000 in cash from twelve investors, including John and Horace Dodge. By 1919, approximately 50% of the cars sold in the United States were made by Ford. In 2014, Ford generated sales of approximately $144 […]
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 […]
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