Analyzing and Interpreting Equity Accounts and Comprehensive Income

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Analyzing and Interpreting Equity Accounts and Comprehensive Income
Following is the shareholders’ equity section of the 2013 balance sheet for Procter & Gamble Company and its statement of shareholders’ equity.

June 30 (In millions, except per share amounts)2013
Shareholders’ Equity
Convertible Class A preferred stock, stated value $ 1 per share
(600 shares authorized)$ 1,137
Non-voting Class B preferred stock, stated value $ 1 per share
(200 shares authorized)—
Common stock, stated value $ 1 per share
(10,000 shares authorized; shares issued: 2013-4,009.2)4,009
Additional paid-in capital63,538
Reserve for ESOP debt retirement(1,352)
Accumulated other comprehensive income/(loss)(7,499)
Treasure stock, at cost (shares held: 2013-1,266.9)(71,966)
Retained earnings80,197
Noncontrolling interest645
Total shareholders’ equity$ 68,709
Consolidated Statement of Shareholders’ Equity



Dollars in millions;
Shares in thousands

Common
Shares
Outstanding


Common
Stock


Preferred
Stock

Additional
Paid-in
Capital

Reserve for
ESOP Debt
Retirement		Accumulated
Other
Comprehensive
Income
(Loss)


Treasury
Stock


Retained
Earnings


Noncontrolling
Interest



Total
Balance June 30, 2012$ 2,748,033$ 4,008$ 1,195$ 63,181$ (1,357)$ (9,333)$ (69,604)$ 75,349$ 596$ 64,035
Net earnings11,3129011,402
Other comprehensive income1,8341,834
Dividends to shareholders:
Common(6,275)(6,275)
Preferred, net of tax benefits(244)(244)
Treasury purchases(84,234)(5,986)(5,986)
Employee plan issuances70,92313523,5733,926
Preferred stock conversions7,605(58)751—
ESOP debt impacts55560
Noncontrolling interest, net(2)(41)(43)
Balance June 30, 2013$ 2,742,327$ 4,009$ 1,137$ 63,538$ (1,352)$ (7,499)$ (71,966)$ 80,197$ 645$ 68,709


(a) What does the term convertible (in reference to the company’s Class A preferred stock) mean?

Convertible means the holder of the security has an obligation to convert (exchange) the security into another security.

Convertible means the holder of the security has an option to surrender the security and to receive cash at any time.

Convertible means the holder of the security has an option to convert (exchange) the security into another security.

Convertible means the holder of the security has an option to sell the security at any time.



(b) How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal 2013?


Answer

thousand shares

(c) For “employee plan issuances,” at what average price was the common stock issued as of year-end 2013? (Round your answer to two decimal places.)

$Answer



(d) What is the accumulated other comprehensive income account?

The accumulated other comprehensive income account reflects the cumulative profit recognized by the company less the cumulative dividends that have been paid to shareholders.

The accumulated other comprehensive income account reflects the cumulative change in net assets (defined as assets less liabilities) for transactions other than net income transactions and transactions with shareholders.

The accumulated other comprehensive income account reflects the cumulative profit on transactions with shareholders.

The accumulated other comprehensive income account reflects the cumulative amount by which the company’s common stock has increased or decreased since issuance.



(e) What cash dividends did Procter & Gamble pay in 2013 for each class of stock?


Common dividends =Answer

($ millions)
Preferred dividends =Answer($ millions)

The following selected transactions relate to investment activities of Ornamental Insulation Corporation. The company buys securities, not intending to profit from short-term differences in price and notnecessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant.

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The following selected transactions relate to investment activities of Ornamental Insulation Corporation. The company buys securities, not intending to profit from short-term differences in price and notnecessarily to hold debt securities to maturity, but to have them available for sale when circumstances warrant. Ornamental’s fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2012.
2013
Feb.21Acquired Distribution Transformers Corporation common shares costing $470,000.
Mar.18Received cash dividends of $7,000 on the investment in Distribution Transformers common
shares.
Sep.1Acquired $1,110,000 of American Instruments’ 10% bonds at face value.
Oct.20Sold the Distribution Transformers shares for $530,000.
Nov.1Purchased M&D Corporation common shares costing $1,750,000.
Dec.31Recorded any necessary adjusting entry(s) relating to the investments. The market prices of
the investments are:
  American Instruments bonds$1,067,000
  M&D Corporation shares1,817,000
(Hint: Interest must be accrued for the American Instruments’ bonds.)
2014
Jan.20Sold the M&D Corporation shares for $1,842,000.
Mar.1Received semiannual interest of $55,500 on the investment in American Instruments bonds.
Aug.12Acquired Vast Communication common shares costing $720,000.
Sept.1Received semiannual interest of $55,500 on the investment in American Instruments bonds.
Dec.31Recorded any necessary adjusting entry(s) relating to the investments. The market prices of
the investments are:
  Vast Communication shares$740,000
  American Instruments bonds$1,047,000
Required:
1.Prepare the appropriate journal entry for each transaction or event during 2013. (Do not round your intermediate calculations.)2.Indicate any amounts that Ornamental Insulation would report in its 2013 balance sheet and income statement as a result of these investments. (Do not round your intermediate calculations.Input all amounts as positive values except for losses and fair value adjustments down which should be indicated with a minus sign.)3.Prepare the appropriate journal entry for each transaction or event during 2014. (Do not round your intermediate calculations.)4.Indicate any amounts that Ornamental Insulation would report in its 2014 balance sheet and income statement as a result of these investments. (Input all amounts as positive values except for losses and fair value adjustments down which should be indicated with a minus sign.)

Write a 1,000-1,250 word paper examining how the Conceptual – Theoretical – Empirical (CTE) structure translates into nursing practice based on one of the middle range theories that has been formulated or derived from your preferred conceptual model of nursing.

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Write a 1,000-1,250 word paper examining how the Conceptual – Theoretical – Empirical (CTE) structure translates into nursing practice based on one of the middle range theories that has been formulated or derived from your preferred conceptual model of nursing. Translate and apply the selected theory to nursing practice using actual examples. Evaluate the theory using the CTE steps below:
Evaluation of the conceptual-theoretical-empirical linkages.
Evaluation of the selected theory.
Evaluation of the empirical indicators.
Evaluation of research findings.
Evaluation of the utility and soundness of the practice theory.

Describe the steps you would take to prepare yourself to interview for your ideal future Nursing role?

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For the following two questions please write at least 3 paragraphs each APA ARIAL 12 FONT.  Be sure to explore and read more than one reference and it include it in your paper.  Please only utilize word documents so that I can open the document.
Questions:
1.  Do you view nursing as a career or a job?  What are your professional goals related to nursing?
2.  Describe the steps you would take to prepare yourself to interview for your ideal future Nursing role?