会计学专业英语-精.pptVIP

Kitching ACCT-101 ACCT-101Class 24 Chapter 9 Corporate（法人） Authority （权利）Structure Corporate Authority Structure Stockholders’ Equity Consists of both Contributed capital (Paid-in capital) Retained Earnings Classes of stock Common or preferred Stock Par or no par stock Wal-mart Shareholders’ Equity Pier 1 Imports, Inc.Shareholders’ Equity Common Stock at Par Suppose IHOP’s / common stock carried a par value of $10 per share. The company issues 6,200,000 shares. Common Stock Above Par Preferred Stock Preferred stock is another means for raising capital Preferred stockholders have no voting rights Preferred stockholders are compensated（补偿） in much the same way as creditors Typically, they are paid as a % of par value each year – much like interest This is paid BEFORE common stockholders are paid dividends Preferred Stock Convertible preferred stock Can be converted to common at a predetermined amount Callable preferred stock（可赎回优先股） Can be redeemed at the option of the issuing company Cumulative preferred stock If the predetermined dividend payment is not made, it can be accumulated and paid at a later time – before any dividends can be paid to common stockholders. Treasury Stock Transactions Treasury stock（库存股份） are shares that a company has issued and later reacquired Reasons for purchasing its own stock Increase EPS（Earnings Per Share ） Use for purchasing other companies Avoidance of a takeover（收购） IHOP Corp. Purchaseof Treasury Stock IHOP Corp. After Purchaseof Treasury Stock Sale of Treasury Stock Retained Earnings, Dividends, and Splits A dividend is a corporation’s return to its stockholders of some of the benefits of earnings. A stock split（股票分割） is an increase in the number of authorized, issued, and outstanding shares A reverse stock split（反向分割 ） is a decrease in the number of authorized, issued, and outstanding shares Dividend Dates Three relevant dates for dividends: Declaration date A liability is recorded for cash dividends declared Date of record