How is the balance sheet of Rovio, the maker of Angry Birds, impacted by its Initial Public…

How is the balance sheet of Rovio, the maker of Angry Birds, impacted by its Initial Public…
How is the balance sheet of Rovio, the maker of Angry Birds, impacted by its Initial Public Offering? Rovio Entertainment Corporation, the maker of the Angry Birds mobile games, recently made its Initial Public Offering (IPO) on the Helsinki NASDAQ stock exchange. Rovio stock is not available through U.S. stock exchanges. Rovio’s headquarters is in Finland. It also has offices in the United States, Sweden, China, and the United Kingdom. Rovio’s IPO in September 2019 resulted in gross proceeds to the company of 30 million euros (roughly $35 US million.) Rovio has stated that it wants to use the IPO proceeds to acquire other game makers and to reward employees. Fun facts about Rovio: Rovio’s games have been downloaded more than 3.7 billion times as of June 30, 2019. In the second quarter of 2019, there were, on average, 80 million active monthly users of Rovio games. NOTE: For the purpose of this blog post only, IGNORE any underwriting, professional, or other fees normally associated with an IPO. These costs are usually significant, but would overly complicate this situation at the introductory accounting level. Questions: Assume that Rovio received the proceeds from its IPO in cash. How would Rovio’s balance sheet be impacted by its IPO? Would there be any impact on Rovio’s income statement in 2017 from this IPO? Explain. What would be the impact on Rovio’s balance sheet if it used its cash to then purchase another game maker company as a long-term investment?   Mar 29 2022 03:03 PM

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 (409) 205-8984

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GURUH