ch12 Corporations Organization, Capital Stock Transactions, and Dividends 财务会计英文版教材.pptVIP

Chapter 12;Some of the action has been automated, so click the mouse when you see this lightning bolt in the lower right-hand corner of the screen. You can point and click anywhere on the screen.;1. Describe the nature of the corporate form of organization. 2. List the two main sources of stockholders’ equity. 3. List the major sources of paid-in capital, including the various classes of stock. 4. Journalize the entries for issuing stock. 5. Journalize the entries for treasury stock transactions.;6. State the effect of stock splits on corporate financial statements. 7. Journalize the entries for cash dividends and stock dividends. 8. Describe and illustrate the reporting of stockholders’ equity. 9. Compute and interpret the dividend yield on common stock. ;Employees; Stockholders’ Equity;Assets;Stockholders’ Equity: Paid-in capital: Common stock $xxxxx Retained earnings xxxx Total $xxxxx;Stockholders’ Equity: Paid-in capital: Common stock $xxxxx Retained earnings xxxx Total $xxxxx;Authorized;Major Rights that Accompany Ownership of a Share of Stock;The two primary classes of paid-in capital are common stock and preferred stock. The primary attractiveness of preferred stocks is that they are preferred over common as to dividends.;Common Stock—the basic ownership of stock with rights to vote in election of directors, share in distribution of earnings, and purchase additional shares. Preferred Stock—A class of stock with preferential rights over common stock in payment of dividends and company liquidation.;Nonparticipating Preferred Stock;Nonparticipating Preferred Stock;Assume 1,000 shares of $4 cumulative preferred stock and 4,000 shares of common stock. No dividends were paid in 2005 and 2006. ;On March 7, 2007, the board of directors declares dividends of $22,000.;$4,000;Other Sources of Paid-in Capital;A corporation is authorized to issue 10,000 shares of preferred stock, $100 par, and 100,000 shares of common stock, $20 par. ;Issuing Stock;