This week, the assignment focuses on treasury stock. Treasury stock becomes part of the company’s holdings when previously issued stock is repurchased by the company. Rather than paying dividends to stockholders, the company’s board of directors can offer cash for shares of ownership. The stockholder who surrenders shares for cash also relinquishes shares of ownership in the company. When the company engages in repurchases of stock, the stock may be held for future reissue or may be retired. Once the stock is retired, it cannot be reissued. It is important to note that repurchases of stock do not affect the cash position of the company because total assets and total liabilities are not affected by the transaction. Accountants must enter a memorandum of the transaction to show the decrease in the number of outstanding shares. For the assignment, write a paper to address the issues below. Begin by retrieving 2016 Under Armour financial statements at www.sec.gov by clicking on Filings and then searching for Under Armour under Company Filings. When you see the list of filings for the company, select the Form 10-K for 2016. Be sure to retrieve the 2016 financial statements, not any other year. In particular, this case uses the company’s Consolidated Balance Sheets and Consolidated Statements of Stockholders’ Equity for the year 2016. Include a reference and web link to the Form 10-K in your paper. In your paper, address the following: Give an overview of the company. As of the end of December 31, 2016, determine how many shares of common stock the company has authorized? Issued? Outstanding? Explain who benefits from this information. Refer to Note 7 – Stockholders’ Equity for the year 2016. What is the difference between Under Armour’s Class A Common Stock and Class B Convertible Common Stock? Are there any restrictions on who can own Class B stock? If you had $10,000 to invest in Under Armour stock, which class of stock would you purchase and why? Did the company issue any new shares of Class A Common Stock during 2016? How can you tell? Prepare a T-account to show the beginning and ending balances plus all activity in Retained Earnings for 2016. If you had invested $5,000 in Class A stock and $5,000 in Class B on December 31 of 2016, what would be the value based on today’s share price? Would you sell your shares or hold for another year?
Our Unique Features
Custom Papers Means Custom Papers
This is what custom writing means to us: Your essay starts from scratch. Plagiarism is unacceptable. We demand the originality of our academic essay writers and they only deliver authentic and original papers. 100% guaranteed! If your final version is not as expected, we will revise it immediately.
Qualified and Experienced Essay Writers
Our team consists of carefully selected writers with in-depth expertise. Each writer in our team is selected based on their writing skills and experience. Each team member is able to provide plagiarism-free, authentic and high-quality content within a short turnaround time.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Assuarance
We understand you. Spending your hard earned money on a writing service is a big deal. It is a big investment and it is difficult to make the decision. That is why we support our claims with guarantees. We want you to be reassured as soon as you place your order. Here are our guarantees: Your deadlines are important to us. When ordering, please note that delivery will take place no later than the expiry date.
100% Originality & Confidentiality
Every paper we write for every order is 100% original. To support this, we would be happy to provide you with a plagiarism analysis report on request.We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
We help students, business professionals and job seekers around the world in multiple time zones. We also understand that students often keep crazy schedules. No problem. We are there for you around the clock. If you need help at any time, please contact us. An agent is always available for you.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our services are second to none. Every time you place an order, you get a personal and original paper of the highest quality.
While a college paper is the most common order we receive, we want you to understand that we have college writers for virtually everything, including: High school and college essays Papers, book reviews, case studies, lab reports, tests All graduate level projects, including theses and dissertations Admissions and scholarship essays Resumes and CV’s Web content, copywriting, blogs, articles Business writing – reports, marketing material, white papers Research and data collection/analysis of any type.
Any Kind of Essay Writing!
Whether you are a high school student struggling with writing five-paragraph essays, an undergraduate management student stressing over a research paper, or a graduate student in the middle of a thesis or dissertation, homeworkmarketpro.com has a writer for you. We can also provide admissions or scholarship essays, a resume or CV, as well as web content or articles. Writing an essay for college admission takes a certain kind of writer. They have to be knowledgeable about your subject and be able to grasp the purpose of the essay.
Quality Check and Editing Support
Every paper is subject to a strict editorial and revision process. This is to ensure that your document is complete and accurate and that all of your instructions have been followed carefully including creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
Prices and Discounts
We are happy to say that we offer some of the most competitive prices in this industry. Since many of our customers are students, job seekers and small entrepreneurs, we know that money is a problem. Therefore, you will find better prices with us compared to writing services of this calibre.