financial accounting gerald

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Final Presentation of BUS 552 Financial Accounting : 

Final Presentation of BUS 552 Financial Accounting Gerald Li MBA students CALMAT Aug 2010

Finding Financial Information : 

Finding Financial Information Refer to the financial statements of PacSun, find answer for several question

1. Treasury stock, and how much : 

1. Treasury stock, and how much Yes, under the “shareholders’ equity, we can see PacSun has “Repurhcase and retirement of common stock”, which is regarded as treasury stock, and the amount is 5,264,200 shares, total $109,502k

2. The highest price during 4th quarter of 2004 : 

2. The highest price during 4th quarter of 2004 On Part II of Form-10k, we can see that the highest price on 4th Quarter of fiscal year 2004 is $25.46

3. Do they pay dividend? : 

3. Do they pay dividend? No. I don’t think they pay dividend in fiscal year 2004. Under the “statements of Cash flows”, it mentions that Cash paid in lieu of fractional shares due to 3-for-2 stock split, but no dividend is mentioned here.

4. Check Form 10-k item 5 : 

4. Check Form 10-k item 5 This proves what I think. PacSun doesn’t pay any dividend, because their credit facility prohibits them from paying cash dividends on capital stock

5. Within 2 years, any stock split or dividend paid? : 

5. Within 2 years, any stock split or dividend paid? Yes, in Form 10-k, item 5, it mentions that SunPac did a 3-for-2 stock split in August 2003, but they never paid any dividend

6. What is the par value of their stock : 

6. What is the par value of their stock Par Value is a nominal value of a security which is determined by an issuing company as a minimum price. On the “Balance Sheets”, it mentions that the preferred stock, par value is $0.01, and the par value of common stock is also $0.01

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