成都理工大学会计英语12.pptxVIP

ACCOUNTING 会计英语 主讲教师：朱靖;Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings;Identify the major characteristics of a corporation. Record the issuance of common stock. Explain the accounting for treasury stock. Differentiate preferred stock from common stock. Prepare the entries for cash dividends and stock dividends. Identify the items that are reported in a retained earnings statement. Prepare and analyze a comprehensive stockholders’ equity section.;Cash dividends Stock dividends Stock splits ;An entity separate and distinct from its owners.;Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Government Regulations Additional Taxes Corporate Management;Characteristics of a Corporation;File application with the Secretary of State. State grants charter. Corporation develops by-laws.;1. Vote in election of board of directors and on actions that require stockholder approval.;3. Keep the same percentage ownership when new shares of stock are issued (preemptive right*).;4. Share in assets upon liquidation in proportion to their holdings. This is called a residual claim.;Ownership Rights of Stockholders;Stock Issue Considerations;Stock Issue Considerations;Stock Issue Considerations;Stock Issue Considerations;;;Corporate Capital;Issuing Par Value Common Stock for Cash;Illustration: Viking Corporation issued 300 shares of $10 par value common stock for $4,100. Prepare Vikings’ journal entry.;Illustration: Knopfle Corporation issued 600 shares of no-par common stock for $10,200. Prepare Knopfle’s journal entry if (a) the stock has no stated value, and (b) the stock has a stated value of $2 per share.;Issuing Common Stock for Services or Noncash Assets;Illustration: On March 2nd, Leone Co. issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services provided in helping the company to incorporate.;Illustration: K