Uber, is a startup with a mobile app for connecting passengers with drivers of vehicles for hire. Uber arranges rides in several North American cities (for example, New York, Chicago, and San Francisco) and has recently expanded to include countries outside of North America (for example, United Kingdom and France). Recently, it was reported that […]
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Tag Archives: financial accounting
How would Crocs recognize the preferred stock issued to Blackstone Group?
March 3, 2014 
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At the end of December 2013, Crocs Inc. announced that Blackstone Group is investing $200 million into the footwear company in the form of a preferred stock purchase. In three years, the preferred stock shares owned by Blackstone Group will convert into common shares if the Crocs common stock market price rises to a certain […]
Continue readingHow is the term “depreciation” used in a news story about the resale value of electric cars?
January 27, 2014 0 Comments
A recent news story in USA Today was entitled “Depreciation hits electric cars hard.” According to USA Today, a Ford Focus Electric automobile will be worth about 20% of its initial $35,995 list price after five years, while a conventional Ford Focus (gas-engine) will be worth about 36% of its initial value. The 2013 Nissan […]
Continue readingWhat do the dates mean in the press release for Pier 1’s quarterly cash dividend announcement?
September 29, 2013 0 Comments
Pier 1 declared a quarterly cash dividend of $0.05 per common share on September 27, 2013. The press release read: “Sep. 27, 2013– Pier 1 Imports, Inc. (NYSE:PIR) today announced that its Board of Directors declared a $0.05 per share quarterly cash dividend on the Company’s outstanding shares of common stock. The $0.05 quarterly cash dividend will be paid on November 6, […]
Continue readingWhat does the two-for-one stock split at Tractor Supply mean for shareholders?
September 27, 2013 0 Comments
The Tractor Supply Company (TSCO) declared a two-for-one stock split of its common stock on August 29, 2013. The following news release appeared in PR Newswire in 2013: “BRENTWOOD, Tenn., Aug. 29, 2013 /PRNewswire/ — Tractor Supply Company (NASDAQ: TSCO), the largest retail farm and ranch store chain in the United States, today announced that its Board of Directors […]
Continue readingHow many shares of stock would be issued in LinkedIn’s $1 billion stock offering?
September 23, 2013 0 Comments
In September 2013, LinkedIn (LNKD) filed paperwork with the SEC for a $1 billion stock offering of its Class A common stock. LinkedIn reported that it would be using the proceeds from the stock issuance for working capital, expansion of product and sales organizations, and capital expenditures. On August 30, 2013 (a few days before […]
Continue readingWhat does the 2% stock dividend at Arrow Financial Services mean for shareholders?
September 10, 2013 0 Comments
Arrow Financial Corporation (AROW) declared a stock dividend on August 28, 2013. The following news release appeared in PR Newswire: “GLENS FALLS, N.Y., Aug. 28, 2013 /PRNewswire/ — Thomas J. Murphy, President and CEO, announced that a 2% stock dividend was declared on August 28, 2013 and will be distributed on September 27, 2013. Shareholders of record on September 19, 2013, will […]
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Accounting in the Headlines 