tailieunhanh - Ebook Financial & managerial accounting (3rd edition): Part 2

(BQ) Part 2 book "Financial & managerial accounting" has contents: The statement of cash flows, the statement of cash flows, introduction to managerial accounting, capital investment decisions and the time value of money, performance evaluation and the balanced scorecard, flexible budgets and standard costs,.and other contents. | To download more slides, ebooks, solution manual, and test bank, visit 13 Corporations: Effects on Retained Earnings and the Income Statement What else may affect retained earnings? SMART TOUCH LEARNING, INC. Balance Sheet May 31, 2013 Liabilities Assets Current assets: Cash Accounts receivable Inventory Supplies Prepaid rent Total current assets Plant assets: Furniture Less: Accumulated depreciation—furniture Building Less: Accumulated depreciation—building Total plant assets $ 4,800 2,600 30,500 600 2,000 $18,000 300 48,000 200 Current liabilities: Accounts payable Salary payable Interest payable Unearned service revenue Total current liabilities $ 40,500 Long-term liabilities: Notes payable Total liabilities $ 48,700 900 100 400 50,100 20,000 70,100 17,700 Stockholders’ Equity 47,800 Common stock 65,500 Retained earnings g Total stockholders’ equity $106,000 Total liabilities and stockholders’ equity Total assets 30,000 5,900 35,900 $106,000 Learning Objectives 1 Account for stock dividends 4 Report restrictions on retained earnings 2 Account for stock splits 5 3 Account for treasury stock Complete a corporate income statement including earnings per share H ow can a corporation reward its stockholders and employees without using up the corporation’s cash? Corporations can do so by creatively using their own stocks. This chapter takes corporate equity a few steps further, as follows: Chapter 12 Covered Chapter 13 Covers Paid-in capital Stock dividends Issuing stock Stock splits Retained earnings Buying back a corporation’s Cash dividends Corporate balance sheet stock (treasury stock) Corporate income statement 623 To download more slides, ebooks, solution manual, and test bank, visit 624 Chapter 13 Chapter 13 completes our discussion of corporate equity. We’ll continue following Smart Touch Learning and begin with stock dividends and stock splits—terms .