During 2020, Twitter, Inc. (NYSE: TWTR) will be issuing (approximately) $600 million of unsecured notes that will be due in 2027. Assume that on the day immediately before the note issuance, Twitter has assets of $10,500 million and liabilities of $3,370 million. Questions Will the notes be classified as assets or liabilities on Twitter’s balance […]
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Tag Archives: teach accounting
How might the management of Jos-Tech have prevented an employee from stealing almost $500,000?
January 17, 2020 
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Victoria A. Ladd, 51, was employed by Jos-Tech, Inc., a custom plastics fabricating company located in Kent, Ohio, for many years. From January 2013 until January 2018, she wrote several checks to herself and cashed them or deposited them into her personal accounts. She also authorized electronic payments from Jos-Tech’s bank accounts to pay off […]
Continue readingAnnouncing a new blog for data analytics cases, Accounting is Analytics!
January 14, 2020 6 Comments
Exciting announcement! Three of us have created a blog site called “Accounting is Analytics.” This site houses data analytics teaching materials (cases and instructional material) for introductory accounting. We (Wendy Tietz, Jennifer Cainas, and Tracie Miller-Nobles) develop cases for Excel, Power BI, and/or Tableau that are suitable for introductory accounting classes. All materials are free […]
Continue readingHow does Amazon’s redemption of its notes payable impact its financial statements?
January 11, 2020 0 Comments
Amazon.com (NASDAQ: AMZN) recently redeemed $1 billion of its 2.6% notes payable one month before the maturity date. “Redeemed” means that Amazon paid cash to the note holders for the principal amount of the notes and the interest accrued up to the redemption date. Questions Assume that, on the date of redemption, it had been […]
Continue readingHow does The J.M. Smucker Company’s dividend announcement impact the company’s financial statements?
November 14, 2019 0 Comments
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 […]
Continue readingHow will Levi Strauss & Co’s initial public offering affect the company?
January 28, 2019 0 Comments
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 […]
Continue readingHow will Walmart’s use of robots change its break even point?
January 21, 2019 0 Comments
Walmart (WMT) is robotic janitors in some of its stores. Walmart has purchased several Autonomous Cleaner (Auto-C) robots from Brain Corporation. An Auto-C robot looks like a Zamboni, the machine used to clean ice rinks. The robots scrub floors and clean store aisles. Sensors in the robots allow them to navigate around customers and other […]
Continue readingHow would Uber’s balance sheet be impacted by its $2 billion bond issuance?
January 11, 2019 2 Comments
Uber Technologies Inc. issued $2 billion of bonds in October 2018. The total bond issuance included $500 million of five-year bonds with a 7.5% coupon and $1.5 billion of eight-year bonds with an 8% coupon. This bond issuance is Uber’s first bond offering, but it has taken out loans with private investors totaling $2.65 billion […]
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