Costco Wholesale Corporation Accounting discussion questions

ACCT1120 Minnesota Writing Assignment 1
September 15, 2020
Unit V Scholarly Activity
September 15, 2020

Costco Wholesale Corporation Accounting discussion questions

The company I have chosen for my SEC 10-K project is Costco.
Please see link below.…

SEC 10K Project: Statement of Stockholder’s Equity
Respond to one or more question(s) from each of the three categories below.

Category: Capital stock

1. Describe the composition of your corporation’s contributed capital [Hint: contributed capital includes common and preferred stock plus any paid in capital in excess of par (or stated value)].

2. Describe any other accounts reported in the Stockholder’s Equity section of the Balance Sheet.

3. Discuss Treasury Stock transactions during the current year, if any.

Category: Retained Earnings

1. Use the following equation and show how the Retained Earnings account has changed during the year. [Hint: the beginning balance of Retained Earnings is also equal to the ending balance of Retained Earnings in the prior year.]

Retained earnings, beginning balance
+ Net Income
– Dividends
= Retained earnings, ending balance

[Note: if the Statement of Stockholder’s Equity shows other accounts in the computation of Retained Earnings, please ask the professor for guidance]

Category: Analysis

1. Calculate the following ratios for the most current year and comment on the results of your ratio analysis.

a. Return on stockholder’s equity

b. Earnings per share


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