西方基础会计学5.pptVIP

32 For Practice: PE 13-1A, PE 13-1B Follow My Example 13-1 13-3 Dividends per share: Preferred $0.50 $1.00 $1.00 Common stock None $0.05 $0.60 Year 1 Year 2 Year 3 Amount distributed $10,000 $25,000 $80,000 Preferred dividend (20,000 shares) 10,000 20,000 20,000 Common dividend (100,000 shares) $ 0 $ 5,000 $60,000 0 33 13-3 A corporation is authorized to issue 10,000 shares of preferred stock, $100 par, and 100,000 shares of common stock, $20 par. One-half of each class of authorized shares is issued at par for cash. Issuing Stock Cash 1,500 000 00 Issued preferred stock and common stock at par for cash. Preferred Stock 500 000 00 Common Stock 1,000 000 00 0 13-3 When a stock is issued for a price that is more than its par, the stock has sold at a premium. When stock is issued for a price that is less than its par, the stock has sold at a discount. 0 35 13-3 Caldwell Company issues 2,000 shares of $50 par preferred stock for cash at $55. Cash 110 000 00 Issued $50 par preferred stock at $55. Preferred Stock 100 000 00 Paid-in Capital in Excess of Par—Preferred Stock 10 000 00 Premium on Stock 0 36 13-3 A corporation acquired land for which the fair market value cannot be determined. The corporation issued 10,000 shares of $10 par common that has a current market value of $12 in exchange for the land. Land 120 000 00 Issued $10 par common stock valued at $12 per share, for land. Common Stock 100 000 00 Paid-in Capital in Excess of Par 20 000 00 0 37 13-3 A corporation issues 10,000 shares of no-par common stock at $40 a share. Cash 400 000 00 Issued 10,000 shares of no-par common stock at $40. Common Stock 400 000 00 No-Par Stock 0 38 At a later date, the corporation issues 1,000 additional shares at $36. Cash 36 000 00 Issued 1,000 shares of no-par common stock at $36. Common Stock 36 000 00 13-3 0 13-3 Stated Value Some states require that the entire proceeds from the issue of no-par stock be recorded as