CUNY BCC Common Stock Versus Preferred Stock Project

M7.1 Discussion [ This one M7.1 Discussion is due tomorrow the rest would be for Saturday morning].

For this discussion, please discuss the advantages and disadvantages of issuing common stock versus preferred stock. Also, please discuss why a company might wanna buy back their stock from their investors?

Submission Instructions

Submit your initial post by Thursday and responses to one of your peers by Sunday.

M7.1 Assignment – Chapter 11

Your assignment for chapter 11 is to complete the following items from the textbook:

• Exercise 11.3
• Exercise 11.4
• Problem 11.8A

M7.2 Discussion

Did you know that improper revenue recognition tops SEC Frauds? According to cfodive.com, “The most well-known example of this scheme involved WorldCom. The company in 2002 overstated its net income by more than $9 billion, in part by improperly capitalizing operating expenses” (Freedman, 2020).

Submission Instructions

• For this discussion, identify why companies might misrepresent their true earnings. Find an example of a company that has engaged in improper revenue recognition and briefly discuss what it did (like the example given above). Hint: you might try search terms like, “companies that have misrepresented their earnings” or “accounting scandals” or “financial shenanigans”. Please cite your sources.
• Submit your initial post by Thursday and responses to one of your peers by Sunday.
• The prompt serves as a starting point for the discussion. Your instructor and you are expected to expand on the topics covered in this module by adding additional discussion topics.

Freedman, R. (2020, August 20). Improper revenue recognition tops SEC Fraud Cases. CFODive.

M7.2 Assignment – Chapter 12

Your assignment for chapter 12 is to complete the following items from the textbook:

• Problem 12.2A
• Problem 12.6A
• Problem 12.9A
• Problem C8
• Problem C9