Lesson的 twenty-two、three Accounting for Corporations.pptVIP

Lesson twenty-two/three Accounting for Corporations Learning objectives 1.Identify characteristics of corporations and their organization 2.Describe the components of stockholders’ equity 3. Explain characteristics of common and preferred stock 4. Compute earnings per share, price-earnings ratio, dividend yield and describe their use in analysis New Words, Phrases and Special Terms Charter vt. 特许；包租；发给特许执照 n. 宪章；执照；特许状 例1. He chartered a jet to fly her home from California to Switzerland. 例2.Yes, every bank must have a charter or license to do business. But we have a dual banking system here in the United States. Enumerate vt. 列举；计算 1.Let me enumerate many flaws in your hypothesis. 2.Enumerate the items again to be sure none is missing. Stock n. 股份，股票；库存；adj. 存货的，常备的；平凡的 短语：authorized stock; issued stock; treasury stock; outstanding stock; common stock; preferred stock; participating stock; stock-option Arrearage n.迟滞；[会计]欠款；延滞 例：Party B must make pay rent on schedule. Party A has the right to take back the rented vehicle and charge extra rent and late fee (3 per cent to the whole arrearage per day). Liquidation n. 清算；偿还；清除 例：The law stipulates modes for company merger, dismantlement, bankruptcy, dissolution and liquidation. 短语：Liquidation value 清算价值 Liquidation report清算报告 a liquidation sale清仓拍卖 liquidation of debts清偿债务 appropriation n. 拨款；挪用 例1. The government raised defense appropriations by 12 percent. 例：Other charges include fraud and illegal appropriation of land. transpire v. 发生；蒸发；泄露 例1. It finally transpired the chairman had changed his mind. 例2. An important event transpired yesterday. Corporate Form of Organization Characteristics of Corporations Advantages Separate legal entity Limited liability of stockholders Transferable ownership rights Continuous life Lack of mutual agency for stockholders Ease of capital accumulation Disadvantages Governmental regulation Corporate taxation Organizing and Managing a Cor