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Company is Amazon VI. Statement of Changes in Financial Position A. From the perspective of an investor, determine whether or not you would invest in.

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VI. Statement of Changes in Financial Position

 A. From the perspective of an investor, determine whether or not you would invest in your chosen company based on the company’s statement of changes in financial position (SCFP). Support your opinion.

B. Review the company’s SCFP for any concerns that may need to be addressed. As controller of your company, prepare a memo to your CEO, giving a summary report for possible recommendations.

VII. Report for CEO At the most recent strategic planning meeting, the board of directors of your company has voted to issue additional stock to raise capital for major expansions for the company in the next five years. The board is considering $5 million. Take the most recent financial statements and prepare a set of projected financial statements based on the given assumptions. The CEO requests that you prepare a written report (including the financial statements) for her.

A. Generate a projected income statement based on the given scenario.

B. Analyze the impact on the income statement based on the given scenario.

C. Generate a projected statement of retained earnings based on the given scenario.

D. Analyze the impact on the statement of retained earnings based on the given scenario.

E. Generate a projected balance sheet based on the given scenario.

F. Analyze the impact on the balance sheet based on the given scenario.

G. Generate a projected cash flow statement based on the given scenario.

H. Analyze the impact on the cash flow statement based on the given scenario.

 
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Hudson Company’s actuary has provided the following information concerning the company’s defined benefit pension plan at the end of 2013:

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Hudson Company’s actuary has provided the following information concerning the company’s defined benefit pension plan at the end of 2013:

Fair value of plan assets (1/1/2013)$350,000
Actual projected benefit obligation (1/1/2013)360,000
Expected projected benefit obligation (1/1/2013)424,000
Average remaining service life of employees10 years

The difference between the actual and expected projected benefit obligation first occurred in 2012.

 
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On January 1, 2013, Baznik Company adopted a defined benefit pension plan. At that time, Baznik awarded retroactive benefits to certain employees.

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On January 1, 2013, Baznik Company adopted a defined benefit pension plan. At that time, Baznik awarded retroactive benefits to certain employees. These retroactive benefits resulted in a prior service cost of $1,320,000 on that date (which it did not fund).

Baznik has six participating employees who are expected to receive the retroactive benefits. Following is a schedule that identifies the participating employees and their expected years of future service as of January 1, 2013: 2. Prepare all the journal entries related to Baznik’s pension plan for 2013 and 2014. For a compound transaction, if an amount box does not require an entry, leave it blank.

A1
B3
C4
D5
E5
F6

Baznik decided to amortize the prior service cost to pension expense using the years-of-future-service method. The following are the amounts of the components of Baznik’s pension expense, in addition to the amortization of the prior service cost for 2013 and 2014:

Service cost$516,000$558,000
Interest cost on projected benefit obligation118,800175,932
Expected return on plan assets—93,980

Baznik contributed $939,800 and $913,000 to the pension fund at the end of 2013 and 2014, respectively.

 
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Comprehensive The shareholders’ equity section of Superior Corporation’s balance sheet as of December 31, 2012, is as follows:

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Comprehensive

The shareholders’ equity section of Superior Corporation’s balance sheet as of December 31, 2012, is as follows:

Shareholders’ Equity
Preferred stock, $100 par value; authorized, 150,000 shares; issued, 15,000 shares$1,500,000
Common stock, $5 par value; authorized, 1,000,000 shares; issued, 200,000 shares1,000,000
Paid-in capital in excess of par—preferred60,000
Paid-in capital in excess of par—common425,000
Retained earnings3,300,000
$6,285,000
The following events occurred during 2013:
Jan. 550,000 shares of authorized and unissued common stock were sold for $9 per share.
Jan. 1650,000 shares of authorized and unissued preferred stock were sold for $110 per share.
April 190,000 shares of common stock were repurchased for the treasury at a price of $16 per share. Superior uses the cost method to account for treasury stock.
Sept. 12,000 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised value of $224,000. The preferred stock currently trades on the New York Stock exchange at a price of $110 per share.
Dec. 135,000 shares of treasury stock are reissued at a price of $21 per share
 
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