Fin AC- Bus Decsn 4e- Ch 11- EOC Sol

Fin AC- Bus Decsn 4e- Ch 11- EOC Sol - 11-1CHAPTER...

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Unformatted text preview: 11-1CHAPTER 11Reporting and Analyzing Stockholders EquityStudy Objectives1.Identify and discuss the major characteristics of a corporation.2.Record the issuance of common stock.3.Explain the accounting for the purchase of treasury stock.4.Differentiate preferred stock from common stock.5.Prepare the entries for cash dividends and understand the effect of stock dividends and stock splits.6.Identify the items that affect retained earnings.7.Prepare a comprehensive stockholders equity section.8.Evaluate a corporations dividend and earnings performance from a stockholders perspective.Summary of Questions by Study Objectives and Blooms TaxonomyItemSOBTItemSOBTItemSOBTItemSOBTItemSOBTQuestions1.1C6.2K11.4C16.5C21.8C2.1C7.2, 3AP12.6C17.5C22.8C3.1C8.2C13.7C18.5C23.8C4.1K9.3C14.5K19.5C24.8C5.1K10.3C15.5C20.6C25.8CBrief Exercises1.1K4.4AP6.5AP8.7AP10.8AP2.2AP5.5AP7.5K9.8C11.9*AP3.2APExercises1.2AP4.2, 3,6.5AP10.7AP14.9*AP2.2, 3,4, 7C7.5AP11.8AP4AP5.2, 3,8.7AP12.8AP3.4, 7AP4AN9.7AP13.8ANProblems: Set A1.2, 4,2.2, 3,3.7AP5.2, 3,7.8AP7AN5, 7,4.5, 6,4, 7AP8.5, 7,8AP7AP6.7AP8, 9*APProblems: Set B1.2, 4,2.2, 3,3.7AP5.3, 7AP8.5, 7,7AN5, 7,4.5, 6,6.7AP8, 9*AP8AP7AP7.8AP11-2ASSIGNMENT CHARACTERISTICS TABLEProblemNumberDescriptionDifficultyLevelTimeAllotted (min.)1AJournalize stock transactions, post, and prepare paid-incapital section.Simple30402AJournalize transactions, post, and prepare a stockholdersequity section; calculate ratios.Moderate40503APrepare a stockholders equity section.Moderate20304AReproduce retained earnings account, and preparea stockholders equity section.Moderate30405APrepare entries for stock transactions, and preparea stockholders equity section.Moderate20306APrepare a stockholders equity section.Simple20307AEvaluate a companys profitability and solvency.Moderate2030*8APrepare dividend entries, prepare a stockholders equitysection, and calculate ratios.Moderate40501BJournalize stock transactions, post, and prepare paid-incapital section.Simple30402BJournalize transactions, post, and prepare a stockholdersequity section; calculate ratios.Moderate40503BPrepare a stockholders equity section.Moderate20304BReproduce retained earnings account, and preparea stockholders equity section.Moderate30405BPrepare a stockholders equity section.Moderate20306BPrepare a stockholders equity section.Simple20307BEvaluate a companys profitability and solvency.Moderate3040*8BPrepare dividend entries, prepare a stockholders equitysection, and calculate ratios.Moderate405011-3ANSWERS TO QUESTIONS1.(a)Separate legal existence. A corporation is separate and distinct from its owners and it acts inits own name rather than in the name of its stockholders. In contrast to a partnership, theacts of the owners (stockholders) do not bind the corporation unless the owners are agentsof the corporation....
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This note was uploaded on 07/20/2009 for the course FI 504 taught by Professor Mrsmith during the Spring '09 term at DeVry Addison.

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Fin AC- Bus Decsn 4e- Ch 11- EOC Sol - 11-1CHAPTER...

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