Ashford ACC307 2021 August Week 1 Discussion (dq1+dq2) Latest

ACC307 Intermediate Accounting III

Week 1 Discussion

DQ1 Treasury Stock Cost, Par, and Constructive Retirement Method [WLOs: 1, 2, 3, 4] [CLO: 1]

Prior to beginning work on this discussion, review Chapter 15 in the textbook.

Write: Corporations repurchase shares to provide a return to investors, to reduce the weighted-average number of shares outstanding, or for use in employee compensation plans. Elaborate on these uses, and discuss some other reasons why an entity will repurchase its own shares.

Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.

DQ2 Other Comprehensive Income [WLOs: 1, 2, 3, 4] [CLO: 1]

Prior to beginning work on this discussion, review Chapter 15 in the textbook.

Write: Items included in other comprehensive income enable financial statement users to understand the impact of certain changes in fair value that are not included in the computation of net income. Discuss the following:

What is the usefulness of including other comprehensive income (OCI) in the financial statements?

How will it impact the value of the firm?

Make sure your initial post is more than 200 words, and include an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.