tailieunhanh - Lecture Financial accounting (9th Edition): Chapter 11 - Weygandt, Kieso, Kimmel

Chapter 11 - Corporations: Organization, stock transactions, dividends, and retained earnings. The following will be discussed in this chapter: Discuss the major characteristics of a corporation, explain how to account for the issuance of common and preferred stock, explain how to account for treasury stock,. | Preview of Chapter 1 Financial Accounting Ninth Edition Weygandt Kimmel Kieso Preview of Chapter 11 Financial Accounting Ninth Edition Weygandt Kimmel Kieso Learning Objectives After studying this chapter, you should be able to: [1] Identify the major characteristics of a corporation. [2] Record the issuance of common stock. [3] Explain the accounting for treasury stock. [4] Differentiate preferred stock from common stock. [5] Prepare the entries for cash dividends and stock dividends. [6] Identify the items reported in a retained earnings statement. [7] Prepare and analyze a comprehensive stockholders’ equity section. 11 Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings An entity separate and distinct from its owners. Classified by Purpose Not-for-Profit For Profit Classified by Ownership Publicly held Privately held McDonald’s Nike PepsiCo Google Salvation Army American Cancer Society Cargill Inc. The Corporate Form of Organization Alternative Terminology Privately held corporations are also referred to as closely held corporations. LO 1 Characteristics that distinguish corporations from proprietorships and partnerships. Advantages Disadvantages Characteristics of an Organization Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Corporate Management Government Regulations Additional Taxes LO 1 Corporation acts under its own name rather than in the name of its stockholders. Characteristics that distinguish corporations from proprietorships and partnerships. Characteristics of an Organization Separate Legal Existence Limited Liability of Stockholders Transferable Ownership Rights Ability to Acquire Capital Continuous Life Corporate Management Government Regulations Additional Taxes LO 1 Limited to their investment. Characteristics that distinguish corporations from proprietorships and partnerships. Characteristics of an Organization Separate Legal . | Preview of Chapter 1 Financial Accounting Ninth Edition Weygandt Kimmel Kieso Preview of Chapter 11 Financial Accounting Ninth Edition Weygandt Kimmel Kieso Learning Objectives After studying this chapter, you should be able to: [1] Identify the major characteristics of a corporation. [2] Record the issuance of common stock. [3] Explain the accounting for treasury stock. [4] Differentiate preferred stock from common stock. [5] Prepare the entries for cash dividends and stock dividends. [6] Identify the items reported in a retained earnings statement. [7] Prepare and analyze a comprehensive stockholders’ equity section. 11 Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings An entity separate and distinct from its owners. Classified by Purpose Not-for-Profit For Profit Classified by Ownership Publicly held Privately held McDonald’s Nike PepsiCo Google Salvation Army American Cancer Society Cargill Inc. The Corporate Form of Organization Alternative .