第四版《财务会计》练习答案10.doc

CHAPTER 10 COVERAGE OF LEARNING OBJECTIVES LEARNING OBJECTIVES QUESTIONS EXERCISES PROBLEMS OTHER LO1: Describe the rights of shareholders. 1,2,3,5,16, 22,23,28 32,34,35 46,47,48,67, 69 76 LO2: Account for common stock, including payment of dividends./P/OBJ 10,11,12,20 30,31,33,36, 44,45 49,50,53,54, 55,66,68,71, 72 74,75 LO3: Contrast bonds, preferred stock, and common stock. 6,8,9 37 76 LO4: Identify the economic characteristics of and account for stock splits. 14,29 38, 39 51,53,54,55 76 LO5: Account for both large- and small-percentage stock dividends. 13 40 52, 56 LO6: Explain and report stock repurchases and other treasury stock transactions. 4,15,17,18,19 26,27 41 57,58,59,60, 61,62,63 LO7: Record conversions of debt for equity or of preferred stock into common stock. 7,21 65 LO8: Use the rate of return on common equity and book value per share. 24,25 42,43 70 73 CHAPTER 10 10-1 The preemptive privilege gives present shareholders the opportunity to purchase additional shares directly from the corporation before new shares can be sold to the general public. In this way, the shareholders are able to maintain their percentage ownership. 10-2 Unlike individual proprietors or partners, stockholders’ personal assets cannot be claimed by creditors to satisfy the debts of an incorporated entity. 10-3 No. Before a share of common stock can be outstanding, it must be duly authorized and issued. 10-4 No. Treasury stock is issued stock that has been repurchased by the issuer and is no longer outstanding. 10-5 Dividends are never liabilities unless declared. Here liabilities is used in the strict accounting sense. Cumulative dividends are conditional obligations as the statement implies. 10-6 No. Liquidating value is the dollar measurement of the preference to receive assets in the event of corporate liquidation. 10-7 Convertible securities are bonds and stocks that can be transformed into common shares at the option of the ho