FOR THE PURPOSE OF THIS ASSIGNMENT SEC 10K , PLEASE USE General Motors; NYSE: GM W4k 1. Describe the following details about your corporation's common stock: a. Authorized number of shares b. Par or...

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FOR THE PURPOSE OF THIS ASSIGNMENT SEC 10K , PLEASE USE General Motors; NYSE: GM W4k 1.  Describe the following details about your corporation's common stock:      a. Authorized number of shares      b. Par or stated value per share      c. Issued number of shares      d. Outstanding number of shares      e. Treasury stock 2. Discuss Treasury Stock transactions over the past three years and explain its affect on total stockholder's equity and retained earnings. 3. Use the following equation and show how the Retained Earnings account has changed over the past two years.   Retained earnings, beginning balance   + Prior period adjustments   = Retained earnings, adjusted balance      + Net Income   - Retirement of Treasury stock   - Dividends   = Retained earnings, ending balance 4.  Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis.  How do the results for your company compare to industry averages?      a. Return on stockholders' equity      b. Earnings per share (EPS)      c. Price-earnings (PE) ratio      d. Payout ratio W5k 5. State whether your corporation uses the direct or indirect method of preparing the Statement of Cash Flows and describe how the Statement would be different under these two methods. 6. What are the largest increases and decreases in the operating activities section of your corporation's Statement of Cash Flows? 7. Explain similarities and or differences in preparing the Statement of Cash Flows using International Financial Reporting Standards (IFRS). 8.  Calculate the following ratio for the most recent two years and comment on the results of your ratio analysis.   How does the result for your corporation compare to the industry average?      a. Free cash flow W6k 9. Accounting Firm PwC - example of Ethic Violation Issues a.  AICPA Code of Professional Conduct Go to the AICPA.org Website, locate the AICPA Code of Professional Conduct, and read the following sections: · ET Section 101 - Independence · .01 Rule 101 - Independence · .02 101-1 - Interpretation of Rule 101 b. Case study: PwC Research PwC Ethics Violations. An example you might use: https://fcpablog.com/2019/09/25/pwc-and-partner-violated-auditor-independence-rules/  Also search for ethics news  relating to other major accounting firms (KPMG, Ernst & Young, Deloitte). What do you learn from your search? Post comments on the victims of the ethics violations and, separately, the concept of internal control. Your post should be several paragraphs in length, addresses the questions or topics presented above. 10. a) What certifications are of greatest interest to you? · CFE · CIA from www.theiia.org  · CISA from www.isaca.org · Other certifications excluding the CPA  10 b)  CPA Certification -- is it for you? Browse the site ThisWayToCPA.com and answer the following questions: In the Exam & Licensure section, locate the requirements to sit for the CPA Exam in your state. (MY STATE IS MARYLAND) Questions: a) Describe the requirements to sit for the CPA exam in your state. b) Compare your state's requirement to at least one other state. c) Are there any advantages to taking the CPA exam in a different state? 11. Please analyze below in green and write a brief comment on the below notes: Its for Best Buy; Category: Capital stock 1.      a. Authorized number of shares = 1 billion shares     b. Par or stated value per share = $0.10 per share     c. Issued number of shares = 256,494,000 shares     d. Outstanding number of shares =265,703,000 shares     e. Treasury stock = 14 shares   2.     a. Authorized number of shares = 400,000 shares     b. Par or stated value per share = $1.00 par value     c. Issued number of shares = None     d. Outstanding number of shares = None     e. Cumulative or non-cumulative = Not mentioned (no shares have been issued and outstanding yet)     f. Participating or non-participating = Not mentioned 3.  35 million common shares have been purchased during 2017/ 2018 financial period which has reduced the common stock by $ 1 miilion, additional paid-in capital by $ 198 million and retained earnings by $ 810 million with an overall impact of $ 1,009 million reductions to the stockholder's equity. 21 million common shares have been purchased in 2018/2019 financial period which has reduced the common stock by $ 1 miilion, additional paid-in capital by $ 167 million and retained earnings by $ 1,325 million with an overall impact of $ 1,493 million reductions to the stockholder's equity. 14 million common shares have been purchased in 2019/2020 financial period which has reduced the common stock by $ 4 million, additional paid-in capital by $ 299 million and retained earnings by $ 1,706 million with and overall impact of $ 2,009 million reductions to the stockholder's equity.
Answered 14 days AfterFeb 04, 2021

Answer To: FOR THE PURPOSE OF THIS ASSIGNMENT SEC 10K , PLEASE USE General Motors; NYSE: GM W4k 1. Describe the...

Sumit answered on Feb 07 2021
133 Votes
9.
(a). As per the rule of Independence, A member of the Institute should follow the rule of the st
ate in which they are registered as the CPA. The Independence standard helps the members to maintain Independence and work without affecting the integrity of the member. As per this standard the auditor should take permission before undertaking any of the Non-Audit Services for the entity in which they are already as the auditor. Other Important considerations of this standard is rotation of the partner, Conflict of Interest and increased...
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